Regulatory Information – WISE Construction Group Holdings Ltd

WISE Construction Group is a middle-cap Hong Kong construction firm primarily engaged in general contracting services, renovation, and civil engineering. Below, we outline key regulatory filings, compliance updates, and corporate governance aspects affecting investors.

1. Regulatory Filings & Disclosures (SFC, Companies Registry)

SFC & Shareholding Disclosures

• Major Shareholder: Dr. LUK Man Lung, Andy (35%) (unchanged since IPO)

• No recent director dealings (insiders neither buying nor selling).

• No short-selling bans or investigations by SFC.

2. Corporate Governance & Compliance

(A) Board Structure & Key Personnel

• ✅ No recent resignations or governance scandals.

(B) Compliance Issues (Past & Present)

• No record of fines by HK Buildings Dept. or Labour Dept. (better than some peers).

• No ESG controversy reports (but also no dedicated ESG disclosures).

3. Key Legal & Regulatory Risks for Investors

(A) Market & Liquidity Risks

📌 Illiquid stock (low trading volume) → Hard to exit large positions.
📌 HK property/construction downturn → Fewer projects, squeezing margins.

(B) Ownership & Control Risks

⚠ 35% owned by Dr. LUK → Minority investors have little say.
⚠ No take-private offers despite low valuation (P/B ~0.3x) → Risk of continued neglect.

(C) Financial & Accounting Risks

🔎 Going Concern Note (2025 Annual Report): Auditor flagged liquidity pressures, but no insolvency risk yet.
🔎 No dividends since 2025 → Unattractive to income investors.

4. Recent Regulatory Updates (2025)

✅ No delisting warnings.
✅ No changes in accounting standards affecting financials.

Final Verdict: Compliant but High-Right Investment

✔ Clean regulatory record (no fines, lawsuits, or major breaches).
✔ Transparent ownership (dominant shareholder structure disclosed).