Landrich Holding Limited

What Landrich Holding Limited does

Landrich Holding Limited is a Hong Kong-based civil engineering contractor that has been operating since 1993 and has been listed on the Stock Exchange of Hong Kong (SEHK Stock Code: 2132) since October 2020. The company undertakes construction works including roads, drainage, and site formation, and has been awarded large-scale civil engineering projects associated with Hong Kong's Ten Major Infrastructure Projects, the Kwu Tung Development (Northern Metropolis), and the Tung Chung New Town Extension. It operates through three wholly-owned principal subsidiaries — Richwell Engineering Limited, Richwell Civil Engineering Limited, and Time Concept Construction Limited — and is headquartered in Tsuen Wan, New Territories.

The company's revenue model is project-based contracting, primarily for Hong Kong government departments (notably the Civil Engineering and Development Department, the Drainage Services Department, and the Highways Department) and a smaller set of enterprise clients including China State Construction and Build King. Landrich competes on demonstrated execution capability, timeliness of project completion, and track record across mega-projects, rather than proprietary technology or differentiated pricing. The company employs between 251 and 500 staff and emphasizes a qualified, experienced management team, with a Share Award Scheme adopted in November 2021 as a structured retention mechanism.

Governance and corporate actions indicate a maturing listed-company structure: an Investment Committee was established in November 2025, a property acquisition connected transaction was completed in May 2024, and a writ of summons was disclosed as inside information in June 2025. Reported financial trends through 2025 show revenue plateau-to-decline after multi-year expansion, with gross profit, EBITDA, and net income all compressing versus prior-year and 2022 peaks, indicating margin pressure and a deteriorating profitability profile relative to the post-IPO growth period.

Name

Landrich Holding Limited

Legal name

Landrich Holding Limited

Website

https://landrich.com.hk

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Landrich Holding Limited is a Hong Kong civil engineering contractor, listed on SEHK (Stock Code: 2132), that undertakes roads, drainage, and site formation works for government departments and construction firms since 1993.

Ownership category

akta.pro rank

Product category

Civil Engineering Construction Services

NAICS

Other Heavy and Civil Engineering Construction (237990), Land Subdivision (23721)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Public Works General Contracting (IMAFAAAG)

akta.pro secondary industry

Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA)

Keywords

• Civil engineering
• Construction contracting
• Road construction
• Drainage works
• Site formation

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Core offering

Landrich Holding Limited operates as a civil engineering construction contractor in Hong Kong, undertaking construction works including roads, drainage, and site formation. The company has delivered large-scale civil engineering projects such as the Ten Major Infrastructure Projects, Kwu Tung Development, and Tung Chung New Town Extension, executing these activities through its three wholly-owned subsidiaries. Services are delivered to government departments and other construction firms on a project-contract basis.

Product overview

Landrich Holding Limited is a construction contractor offering civil engineering construction services in Hong Kong. The company operates through its three wholly-owned subsidiaries: Richwell Engineering Limited, Richwell Civil Engineering Limited, and Time Concept Construction Limited. With more than 27 years of experience since 1993, the company specializes in large-scale civil engineering projects including the Ten Major Infrastructure Projects, Kwu Tung Development, and Tung Chung New Town Extension.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Engineering Construction Services Core civil engineering construction services delivered in Hong Kong, covering roads, drainage, site formation, and mega-projects such as the Ten Major Infrastructure Projects, Kwu Tung Development, and Tung Chung New Town Extension. The service is provided to government departments and construction companies via the group's three wholly-owned subsidiaries.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• Hip Hing Construction: Established Hong Kong civil engineering and building contractor (New World Development subsidiary) operating across mega-infrastructure projects — broader incumbent with deeper resources than Landrich but directly comparable in HK civil works.
• Gammon Construction: Major Hong Kong civil engineering and building contractor (Balfour Beatty / Wharf JV) executing large-scale infrastructure — broader incumbent with significant mega-project capabilities directly comparable to Landrich's target work.
• China Communications Construction Company: Global mega-contractor active in Hong Kong infrastructure (roads, bridges, ports) — broader incumbent whose HK subsidiary competes for the same mega-project tranches targeted by Landrich.

Direct peers

• SOCAM Development: Hong Kong construction and civil engineering contractor with a similar mix of public infrastructure and private development projects — directly comparable peer in the HK civil contractor space.
• Build King Holdings: Hong Kong-listed civil engineering and building contractor that undertakes road, drainage, and site formation works for government and private clients — directly comparable in scope and customer base to Landrich, and also a named collaborator.
• China State Construction Engineering (Hong Kong): Hong Kong arm of one of the largest mainland Chinese construction groups, active in civil engineering and infrastructure in HK — directly comparable and also a named client/competitor of Landrich.
• Asia Allied Infrastructure Holdings: Hong Kong-listed civil engineering, building, and infrastructure contractor — closely comparable in scale and focus on HK public infrastructure works.
• Paul Y. Engineering Corporation: Hong Kong-listed civil engineering and building contractor serving government and private infrastructure clients — directly comparable in HK civil engineering market and competitive set.
• Wai Kee Holdings: Hong Kong-listed construction and civil engineering group undertaking site formation, roads, and infrastructure — directly comparable in HK civil construction segment.
• Yau Lee Holdings: Hong Kong-listed contractor undertaking civil engineering, building, and maintenance works for government clients — directly comparable in scale and customer base to Landrich.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Landrich Holding Limited