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Luda Technology Group Ltd

LUD NYSE Materials · Steel Pipe & Tubes Wanchai, Hong Kong www.ludahk.com
$4.23
Mkt Cap 96.0M
Corporate history and structure We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong i…

Corporate history and structure We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. Our Company is a holding company incorporated under the laws of the Cayman Islands with limited liability on October 21, 2021. Prior to the incorporation of our Company, the principal operations are carried out through Luda HK and Luda PRC which were founded by Mr. Ma Biu, our Controlling Shareholder. We have conducted a reorganization, primarily to facilitate our initial public offering, which was completed on December 19, 2023. The diagram below illustrates our corporate structure as of the date of this annual report: For details of our principal shareholders’ ownership, please refer to the beneficial ownership table in Item 6. Directors, Senior Management and Employees E. Share Ownership . The background and ownership of our subsidiaries as of the date of this annual report are as follows: Name Background Ownership Luda BVI Incorporated on October 25, 2021 under the laws of the BVI as an investment holding company and owned by Diamond Horses Group Limited prior to the reorganization. As part of the reorganization, Luda Cayman has entered into a sale and purchase agreement to acquire Luda BVI on August 14, 2023. The reorganization was completed on December 19, 2023.

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REVENUE TTM
$33.5M
FCF TTM
-$2.2M
P/E RATIO
172.4x
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