Junee Limited

General Information

**Note from the Prospectus: Junee Limited is not a Chinese or Hong Kong operating company; it is a holding company incorporated in the British Virgin Islands (BVI). As a limited company with no material operations, our operations are conducted by our subsidiary, OPS Interior Design Consultant Limited, or “OPS HK”, in Hong Kong. This is an offering of the Ordinary Shares of Junee Limited, the holding company incorporated in the BVI, instead of shares of our operating entity in Hong Kong, OPS HK. You may never directly hold any equity interest in our operating entity. (Incorporated in the British Virgin Islands)

Our subsidiary, OPS HK, provides quality interior design, fit-out and maintenance services to both residential and commercial clients in the Hong Kong interior design market. Since its inception, it has been dedicated to including preliminary consultations, conceptualizing clients’ design ideas with layout plans, and producing detailed design drawings. The fit-out work generally includes any activities intrinsic to making an interior space suitable for residential or commercial purposes. OPS HK also provides a broad range of repair and maintenance services, including routine home condition upkeep services. OPS HK won the Muse Design Award in 2020. We were given the Most Valuable Companies in Hong Kong Award 2020 by Mediazone.

Our vision is to successfully utilize the best and the brightest professionals in the industry in Hong Kong. We strive to cultivate, retain and nurture talent by providing a career rather than a job. We endeavor to foster an employment environment with prosperity and growth.

Note: Net income and revenue are for the year ended June 30, 2023.

**Note: Junee is a holding company with no business operation and uses a structure that involves an operating subsidiary based in Hong Kong. This structure involves risks to the investors, and Chinese regulatory authorities could disallow this structure, which would likely result in a material change in Junee’s operations and/or a material change in the value of the securities we are registering for sale, including the risk that such event could cause the value of such securities to significantly decline or become worthless. Investors are cautioned that you are buying shares of a BVI holding company with operations solely conducted in Hong Kong by its subsidiary, OPS HK. You are not directly investing in, and may never hold equity interests of OPS HK. Investing in our Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment.

(Note: Junee Limited disclosed its financial results for the fiscal year that ended June 30, 2023, in an FWP (Free Writing Prospectus) filed with the SEC in January 2024.)

(Note: Junee Limited named Spartan Capital Securities as its sole book-runner to replace Pacific Century Securities in an F-1/A filing dated Sept. 5, 2023. Background: Junee Limited cut its IPO’s size to 2.0 million shares – down from 5.0 million shares – and kept the price range at $4.00 to $6.00 – to raise $10.0 million, according to an F-1A filing dated July 28, 2023. In that July 28, 2023, filing with the SEC, Junee Limited disclosed that Pacific Century Securities had been named the sole book-runner – an update from the original joint book-running team of Univest Securities and Pacific Century Securities.)

(Background from 2022: Junee Limited filed an F-1/A dated Dec. 15, 2022, with updated financial figures for the year ended June 30, 2022. Junee Limited disclosed terms for its IPO – 5.0 million shares at $4.00 to $6.00 to raise $25 million – and disclosed its proposed stock symbol “JUNE” in an F-1/A filing dated Sept. 8, 2022. In the IPO, the company is offering 3.57 million shares (3,571,429 shares) and the company’s anticipated IPO proceeds are $17.86 million. Of the 5.0 million shares in the IPO, a total of 1.43 million shares (1,428,571 shares) are being offered by the selling shareholder, OPS Holdings Limited. The company will not receive any proceeds from the sale of the selling shareholder’s shares. Junee Limited filed to go public with its F-1 filing dated July 13, 2022.)

Employees: 23
Founded: 1998
Contact Information
Address Studio 20, 11 F, International Plaza, 20 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong
Phone Number (+852) 2780 7733
Web Address http://www.ops-int.com.hk/
View Prospectus: Junee Limited
Financial Information
Market Cap $63.57mil
Revenues $6.14 mil (last 12 months)
Net Income $0.39 mil (last 12 months)
IPO Profile
Symbol JUNE
Exchange NASDAQ
Shares (millions): 2.0
Price range $4.00 - $4.00
Est. $ Volume $8.0 mil
Manager / Joint Managers Spartan Capital Securities
Expected To Trade: 4/17/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change