ECST Services
General Information | |
Business: | (Incorporated in the Cayman Islands)Our mission is to become a leading provider of cloud-based enterprise management solutions in Hong Kong.Since our founding in 2012, we have been utilizing our deep industry expertise and technological know-hows to develop and provide a universal, integrated, comprehensive, all-in-one platform of cloud-based ERP solutions with tailored applications, that enables customers to fully manage critical aspects of business operations in a unified platform. We target enterprises in Hong Kong with outdated and disparate software systems seeking to improve their operational efficiency, which span across different industries, including trading, retail, service, construction, logistics, manufacturing, e-commerce, restaurants and other local businesses. We generate our revenue primarily from the provision of (i) cloud-based ERP solutions; and (ii) maintenance and other services.Our Competitive StrengthsWe believe we have the following competitive strengths:*Dedicated and experienced management team;*Universal versatile cross-device and all-in-one cloud-based ERP solutions built for customers from a variety of industries;*Innovative solutions that address practical challenges faced by our clients, and*Robust customer base.From the prospectus:We may default on our obligations under our credit facilities.As of September 30, 2023 and 2024, we had five term loans with banks in Hong Kong. All term loans were secured by (i) personal guarantees given by Ms. Yuk Chun Cathy Wong, a shareholder of the Company; and (ii) guarantees given by the Hong Kong Government under SME Financing Guarantee Scheme, except for one term loan was secured by additional personal guarantees given by Mr. Kang Kwong Wong, a shareholder of the Company and Mr. Yik Hang Chow, the director of the Company. As of March 31, 2025, we had six term loans with banks in Hong Kong. The new term loan was secured by (i) personal guarantees given by Mr. Kang Kwong Wong, a shareholder of the Company and Mr. Yik Hang Chow, the director of the Company and (ii) charge on cash deposits of HKD5,000,000 held in the name of Mr. W Kang Kwong Wong.As of September 30, 2023 and 2024, and March 31, 2025, we had bank overdraft from a bank in Hong Kong, which was secured by personal guarantees given by Mr. Kang Kwong Wong and Mr. Yik Hang Chow. A failure to repay any of the indebtedness under our banking facilities as they become due or to otherwise comply with the covenants contained in any of such agreements could result in an event of default thereunder. If not cured or waived, an event of default under any of such agreements could enable the lender thereunder to declare all borrowings outstanding on such debt, together with accrued and unpaid interest and fees, to be due and payable.
Note: Net income and revenue are in U.S. dollars (converted from Hong Kong dollars) for the 12 months that ended March 31, 2025.
(Note: ECST Services disclosed the terms for tis IPO in an F-1 filing dated Aug. 15, 2025: The company is offering 2.0 million shares at an assumed IPO price of $4.00 per share to raise $8.0 million.) |
Industry: | SERVICES - PRE-PACKAGED SOFTWARE |
Employees: | 24 |
Founded: | 2009 |
Contact Information | |
Address | Flat B5, 25/F, TML Tower No. 3 Hoi Shing Road Tsuen Wan, New Territories Hong Kong |
Phone Number | +852 3596 2046 |
Web Address | https://www.1ecst.com/ |
View Prospectus: | ECST Services |
Financial Information | |
Market Cap | $88.0mil |
Revenues | $3.97 mil (last 12 months) |
Net Income | $0.82 mil (last 12 months) |
IPO Profile | |
Symbol | ECST |
Exchange | NASDAQ |
Shares (millions): | 2.0 |
Price range | $4.00 - $4.00 |
Est. $ Volume | $8.0 mil |
Manager / Joint Managers | Eddid Securities and Futures |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |