HUATIONG GLOBAL LIMITED is launching its IPO via a placement of 27,500,000 shares at $0.20 a share. Huationg Global’s business is in the provision of civil engineering services for infrastructure projects and ancillary inland logistics support services. Huationg Global also sells construction materials. For HY2014, civil engineering accounts for 54.5% of the company’s revenue while inland logistics support accounts for 12.2% of the revenue. Reading Huationg Global projects portfolio, I see that the company is involved in many public services projects like MRT stations and expressways. The company has a good track record of thirty years. The company is looking into expansion into overseas markets, acquisitions, joint ventures and strategic alliances as well as focus on public-sector projects in its plan to grow the company. The gross profit margin of Huationg is 15.2% for HY2014. At a placement share price of 20 cents and an adjusted ......