final output

PROSPECTUS SUMMARY
This summary highlights selected information contained elsewhere in this Prospectus. Since this
summary does not contain all the information that you should consider before investing in our Shares,
it is advised that you read the entire Prospectus carefully before making an investment decision.
Our Business
We are principally engaged in the business of providing mechanical and electrical (“M&E”) engineering
services. Our customers are main contractors in Singapore who are engaged in property development
in public and private residential sectors. Our services are mainly to install the following M&E systems
for main contractors in various property development sectors:-
(a) plumbing and sanitary systems;
(b) electrical engineering systems;
(c) fire protection and alarm systems;
(d) air-conditioning and mechanical ventilation systems;
(e) communications and security systems; and
(f) underground pipeline communication systems.
We are an L6 grade contractor under BCA’s categorization for “Plumbing & Sanitary Works”. This
allows us to tender or take on such projects of unlimited contract value. We are also registered as
an L5 grade contractor under the category “Electrical Engineering” and therefore are able to tender
or take on such projects of up to $10 million in contract value. In addition, we are able to carry out
other areas of M&E engineering services, in which we possess BCA gradings from L1 to L3. Details
of our BCA gradings for different areas of M&E engineering services are elaborated on page 32 of
this Prospectus.
Our major M&E projects secured in the last three years were mainly public housing projects and
private residential property developments. Such projects include Aquarius by the Park, Seletar Springs,
Rivervale Executive Condominium, Hillington Green, Jurong West Neighbourhood 6 Contract 14,
Bukit Merah Redevelopment Contract 47, Choa Chu Kang Neighbourhood 4 Contract 11 and Jurong
West Neighbourhood 6 Contracts 17 and 18.
Our ancillary business is to supply, deliver and service portable lavatories to various sites, such as
property development work sites and areas where public events are conducted. We currently own
714 portable lavatories, commonly referred to as “mobile toilets” and we lease such mobile lavatories
to our customers. Our customers are predominantly main contractors and event organisers such as
the National Day Parade and the Millennium Party.
We derive approximately 79%, 19% and 2% of our turnover from plumbing and sanitary services,
electrical system installation services and our ancillary portable lavatories business, respectively,
based on the average for the last three financial years. We provide integrated M&E services as we
are able to service our clients in more than one area of M&E services, such as plumbing and
sanitary systems, electrical engineering systems, fire protection and alarm systems, air-conditioning
and mechanical ventilation systems, communications and security systems and underground pipeline
communication systems, or any combination of these services as required by our customers. Currently,
our niche market is in the public housing sector, from which we derive approximately 84% of our
M&E turnover for the last three financial years. The balance of 16% of our M&E turnover is derived
from private residential projects for the last three financial years.
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