Phoenix Asia Holdings Limited Overview
Pro stress-test →Phoenix Asia Holdings is an investment holding company engaged in substructure works, including site formation, ground investigation, and foundation works business as a subcontractor. Through its wholly-owned operating subsidiary, Winfield Engineering (Hong Kong) Limited, the company operates in Hong Kong. The company completed its IPO on April 28, 2025, listing on Nasdaq Capital Market under ticker symbol PHOE at $4.00 per share with total gross proceeds of $6.4 million.
Strategic Profile
Pro stress-test →Phoenix Asia Holdings was incorporated in 2024 and is based in Kowloon Bay, Hong Kong. The company operates as a specialized substructure contractor serving the Hong Kong construction market. As of June 19, 2026, the company had a market capitalization of $345.60 million USD, though recent financial performance shows contraction with revenue and gross profit declining in the first half of 2025.
Competitive Landscape
Pro stress-test →Phoenix Asia competes in the Hong Kong substructure and foundation works market against established regional contractors. The company operates in a concentrated market focused on site formation, ground investigation, and foundation services for both public and private sector construction projects. With only 21 employees and declining recent revenues, the company faces competition from larger, more established construction firms with greater operational capacity and market presence.
Industry Context
Phoenix Asia Holdings Limited operates in Substructure and foundation construction services.
Key facts
Founded: 2024 · Headquarters: Kowloon Bay, Hong Kong · Employees: 21 · Revenue: $3.51M (H1 2025) · Market cap: $345.60M