WestPark Capital Announces Closing of a $7 Million IPO for OneConstruction Group Limited (NASDAQ:ONEG)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
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Source: Newsfilter
Initial Public Offering Announcement: WestPark Capital has successfully closed the initial public offering of 1,750,000 ordinary shares for OneConstruction Group Limited at a price of $4.00 per share, with trading commencing on Nasdaq under the ticker symbol "ONEG".
Regulatory Compliance and Prospectus Availability: The offering was registered with the SEC, and interested investors can obtain the final prospectus through WestPark Capital or the SEC's website, emphasizing the importance of reviewing these documents before investing.
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Analyst Views on ONEG
About ONEG
OneConstruction Group Ltd is a holding company principally engaged in the installation and forming of steel structures. The Company is principally engaged in the s supply, cutting, bending, welding and assembly of structural steel frames, trusses and other components into structures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
OneConstruction Group Limited Reports $27.8M Revenue and $0.1M Net Loss for 1H 2025
- Revenue Performance: OneConstruction Group Limited reported $27.8 million in revenue for the first half of 2025, indicating some market demand despite a decline compared to the previous year.
- Net Loss Situation: The company recorded a net loss of $0.1 million during the same period, contrasting sharply with a net profit of $1.2 million in 2024, highlighting the profitability pressures and market challenges faced by the firm.
- Earnings Per Share Changes: Basic and diluted loss per share were both $0.008, compared to earnings per share of $0.11 in 2024, indicating a significant decline in profitability that may affect investor confidence.
- Market Expectations: Despite the poor financial performance, the market remains optimistic about the company's future pricing, reflecting investor trust in its long-term strategy.
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OneConstruction Group Reports 3.4% Revenue Decline in Interim Results for 2025
- Revenue Decline: For the six months ended September 30, 2025, OneConstruction's revenue decreased by 3.4% from $28.7 million in 2024 to $27.8 million, primarily due to a slowdown in the private sector stemming from the commercial property market in Hong Kong.
- Surge in Administrative Expenses: Administrative expenses soared by 94.9% from $0.9 million in 2024 to $1.7 million in 2025, largely driven by increased professional fees and payroll costs following the company's Nasdaq listing in December 2024.
- Equity Incentive Plan: In February 2025, OneConstruction established a 3 million share equity incentive plan aimed at attracting and retaining key personnel, which resulted in share-based payment expenses of $669,000, contributing to the company's net loss.
- Net Loss Overview: As of September 30, 2025, OneConstruction reported a net loss of $131,000 compared to a net income of $1.24 million in the same period of 2024, highlighting challenges in cost management and market conditions.
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