Tradeable Listing Approval for Sino‐Australia Sky Dragon Group

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Tradeable Listing Approval for Sino‐Australia Sky Dragon Group

DCSX has approved the conversion from technical listing to tradeable listing of 1,000 shares of Sino‐Australia Sky Dragon Group Limited (DCSX Symbol: SDTL) @ USD 1.00 with an initial market capitalization of USD 1,000. SSC Corporate Services Limited is the mandated listing advisor.

The Company was incorporated in the British Virgin Islands and is the holding company of the Group. The main operating entity of the Group, Shandong Tianlong Construction and Development Co., Ltd. (Tianlong China), was established in 2000 and is headquartered in the Liaocheng Economic Development Zone, Shandong Province in China. The Group has grown significantly over time in its capacity and capability in undertaking large‐scale projects.

Sky Dragon is a fully licensed fit-out and refurbishment company which provides a range of various services in relation to building fit-out and refurbishment, waterproofing and anticorrosion insulation as well as mechanical and electrical equipment installation for the projects in China. It has a strong focus on providing quality services to all key property sectors, including residential, commercial, hospitality, education, health, and aged care, and public and government sectors.

Sky Dragon operates as an integrated enterprise which consists of departments dedicated to project, quality control, human resource, and finance. It has a dedicated management team with many years of experience. As at the date of this Information Memorandum, Tianlong China has seven full-time employees. This allows the Group to have a strong presence in the building and construction services sector, with a significant potential for future growth and expansion. In addition, the Group has a relatively short construction period that averages at approximately 30 days, which allows the Company to yield faster and higher economic returns.

Further details about the business can be found on our Markets page on this website under Equities Symbol HLKG, section Company Information.

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