SEC Comment Letter for OneConstruction Group Ltd (ONEG) (CIK 0002030834) (ONEG) — Feb 12, 2026
OneConstruction Group Ltd (ONEG) (CIK 0002030834)
Date: Feb. 12, 2026 · CIK: 0002030834 · Accession: 0000000000-26-001472
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-42457
Letter
Re: OneConstruction Group Ltd Form 20-F for the Fiscal Year Ended March 31, 2025 File No. 001-42457 Dear Ka Chun Gordon Li:
February 12, 2026
Ka Chun Gordon Li General Manager OneConstruction Group Ltd Unit 11, 5/F, Tower 1, Harbour Centre 1 Hok Cheung Street Hunghum, Kowloon, Hong Kong
We have limited our review of your filing to the financial statements and related disclosures and have the following comments.
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 20-F for the Fiscal Year Ended March 31, 2025 Notes to the Consolidated Financial Statements 2. Summary of Significant Accounting Policies Revenue Recognition, page F-9
1. We note your discussion of defects liability periods on page 43. Please tell us what consideration you gave to addressing your accounting policy for defects liability periods within your revenue recognition policy. 3. Concentration of Risks, page F-12
2. We note that over 38% of your accounts receivable balance as of March 31, 2025, $8.9M, is due from a single customer, and that your revenues from that customer during the 12 months ended March 31, 2025 were only $1.8M. Please clarify whether any amounts due from this customer were past due as of March 31, 2025, and if these amounts have been subsequently collected. To the extent any of these amounts remain outstanding as of September 30, 2025, please tell us if you have recorded any credit loss allowance. February 12, 2026 Page 2
In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Real Estate
& Construction
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> February 12, 2026 Ka Chun Gordon Li General Manager OneConstruction Group Ltd Unit 11, 5/F, Tower 1, Harbour Centre 1 Hok Cheung Street Hunghum, Kowloon, Hong Kong Re: OneConstruction Group Ltd Form 20-F for the Fiscal Year Ended March 31, 2025 File No. 001-42457 Dear Ka Chun Gordon Li: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 20-F for the Fiscal Year Ended March 31, 2025 Notes to the Consolidated Financial Statements 2. Summary of Significant Accounting Policies Revenue Recognition, page F-9 1. We note your discussion of defects liability periods on page 43. Please tell us what consideration you gave to addressing your accounting policy for defects liability periods within your revenue recognition policy. 3. Concentration of Risks, page F-12 2. We note that over 38% of your accounts receivable balance as of March 31, 2025, $8.9M, is due from a single customer, and that your revenues from that customer during the 12 months ended March 31, 2025 were only $1.8M. Please clarify whether any amounts due from this customer were past due as of March 31, 2025, and if these amounts have been subsequently collected. To the extent any of these amounts remain outstanding as of September 30, 2025, please tell us if you have recorded any credit loss allowance. February 12, 2026 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction </TEXT> </DOCUMENT>