Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 110

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 110
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 objective is to achieve sustainable growth in our business, create long-term shareholders’ value and strengthen our market position in the electrical engineering sector of the construction industry in Singapore. We intend to achieve this by implementing the following business strategies:

Further strengthen our market position in the electrical engineering sector of the construction industry in Singapore

We plan to further strengthen our market position in the electrical engineering sector of the construction industry in Singapore by expanding our scope of services to include maintenance, repair and inspection of the electrical systems that we have installed or installed by other third parties. As we have a proven track record in electrical installation and have a number of recurring customers, we are well-placed to expand into this area. In order to equip ourselves to provide timely and efficient maintenance, repair and inspection services to our customers, we plan to recruit more qualified personnel and stock up spare parts for the common electrical systems in the market.

Upgrade registration as a grade L6 contractor under the ME-05 (electrical engineering) workhead

We are currently registered as a Grade L5 contractor under the ME-05 (electrical engineering) workhead which enables us to undertake public sector projects up to S$16 million in value for each project. We endeavor to upgrade our registration as a Grade L6 contractor under the ME-05 (electrical engineering) workhead which will enable us to undertake public sector projects of unlimited contract value. We target to satisfy all the financial, management & development and track record requirements for a Grade L6 contractor under the ME-05 (electrical engineering) workhead by end of 2025, and we are working towards meeting the technical personnel requirement. The Company expects to be upgraded to Grade L6 in 2025 at which time we will be able to take up larger scale electrical installation projects.

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Enhance and/or expand our workforce and facilities to keep up with our business expansion

For our expansion, we intend to expand and enhance our workforce, in terms of both the staff strength and staff skills. We intend to increase the number of professional staff and workers, including engineers that have the qualifications required by the BCA for grading our registration as a Grade L6 contractor under the ME-05 (electrical engineering) workhead and/or facilitating us to provide maintenance services, office staff, site staff and project management staff, and enhance our staff skills by providing opportunities for them to attend courses. We will also review our remuneration packages to ensure they are sufficiently attractive to acquire and retain a talented workforce. To support a larger workforce