[6-K] Phoenix Asia Holdings Limited Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Phoenix Asia Holdings Limited ("Phoenix Asia", NASDAQ: PHOE) filed a Form 6-K dated 11 July 2025.

• The company’s wholly owned Hong Kong subsidiary, Winfield Engineering (Hong Kong) Limited, has secured a private-sector project with an initial contract value of HKD 5.7 million (≈ USD 730,000).
• The project is scheduled to commence in mid-July 2025.
• Phoenix Asia characterises the award as evidence of customer recognition of the subsidiary’s technical expertise and problem-solving capability.
• No additional financial statements, earnings data, or major transactions were disclosed in this filing. An accompanying exhibit (99.1) contains the related press release.

The filing is primarily informational, highlighting a new contract win rather than reporting on broader financial performance.

Positive

• Subsidiary awarded a HKD 5.7 million (USD 730k) project contract, demonstrating continued customer confidence and potential near-term revenue.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small contract win (USD 730k) adds incremental revenue; limited visibility on profitability; neutral overall impact.

The contract value represents a modest revenue contribution and signals ongoing business activity for the Winfield Engineering subsidiary. However, without context on Phoenix Asia’s annual revenue base, margin profile, or backlog, it is difficult to gauge materiality. The project start in mid-July 2025 suggests near-term revenue recognition, but no profitability metrics or completion timeline were provided. In the absence of broader financial data, the development appears incrementally positive yet not transformative for shareholders.

Industry Specialist – Hong Kong Engineering Services

TL;DR: Contract validates subsidiary’s market reputation; scale typical for mid-tier engineering firms; impact modest.

Winning a HKD 5.7 million private-sector job confirms Winfield Engineering’s competitive positioning in Hong Kong’s mechanical and electrical contracting market. Such projects are commonplace and usually span several months, contributing to utilisation rates but rarely altering strategic direction. The filing lacks information on scope, duration, or margin expectations, limiting insight into value creation. Overall, it is a routine but reassuring operational update.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2025

 

Commission File Number: 001-42618

 

 

 

Phoenix Asia Holdings Limited

(Registrant’s Name)

 

Workshop B14, 8/F, Block B
Tonic Industrial Center, 19 Lam Hing Street
Kowloon Bay, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

When used in this Form 6-K, unless otherwise indicated, the terms “the Company,” “Phoenix Asia,” “we,” “us” and “our” refer to Phoenix Asia Holdings Limited and its subsidiaries.

 

Phoenix Asia’s wholly-owned Hong Kong subsidiary, Winfield Engineering (Hong Kong) Limited, was recently awarded a milestone project with initial contract sum of HKD5,700,000 (approximately USD730,000). The project is a private sector project and is expected to commence in mid-July 2025. The Company considers that the award of the project indicating its customer’s recognition in its expertise and its capability in addressing challenges.

 

Financial Statements and Exhibits.

 

Exhibit No.	 	Description
99.1	 	Press Release dated July 11, 2025 – Phoenix Asia Holdings Limited Announces Subsidiary Winfield Engineering (Hong Kong) Limited Being Awarded A Milestone Project of USD730,000

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 	Phoenix Asia Holdings Limited
 	 	 
Date: July 11, 2025	By:	/s/ Chi Kin Kelvin Yeung
 	Name:	Chi Kin Kelvin Yeung
 	Title:	Chairman of the Board and Chief Executive Officer

 

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FAQ

What did Phoenix Asia Holdings (PHOE) announce in its July 2025 6-K?

Its subsidiary Winfield Engineering secured a HKD 5.7 million (≈ USD 730k) private-sector project starting mid-July 2025.

How large is the new contract won by Winfield Engineering?

The initial contract sum is HKD 5,700,000, approximately USD 730,000.

When is the project expected to begin?

Phoenix Asia stated that the project will commence in mid-July 2025.

Does the 6-K include any earnings or financial statements?

No. The filing only discloses the contract award and lists a related press release as Exhibit 99.1.

Why is the contract significant to Phoenix Asia?

Management says the award reflects customer recognition of the subsidiary’s expertise and problem-solving capabilities.