Fitting-out and alterations contractor OLS Group has forecast an attributable profit of at least $83 million this year.
Chairman Alfred Siu Wing-fung said the expected dividend would be at least five cents a share.
The company opens its public-share offering today to raise $198 million from the issue of 120 million shares at $1.65 a share.
The new shares represent 30 per cent of its enlarged share capital. The issue price puts the shares on a prospective price-earnings multiple of 7.6 on a pro forma, fully diluted basis.
Mr Siu said the company had contracts worth $571.2 million on hand.
The company, an offshoot of Australian-listed construction company OLS Asia Holdings, has also bid for several contracts worth a possible $490 million.
'Based on our track record, we get one out of every five tenders we submit,' Mr Siu said.
