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Aureus Greenway Holdings Inc (AGH)


Company Overview

Proposed Symbol AGH
Company Name Aureus Greenway Holdings Inc
Exchange NASDAQ Capital
Share Price $4.00
Employees 47 (as of 02/13/2025)
Status Priced
Shares Offered 3,750,000
Offer amount $15,000,000
Shares Over Alloted
Company Address 2995 REMINGTON BLVD KISSIMMEE FL 34744
Company Phone 1-914-843-1982
Company Website www.aureusgreenway.com
CEO ChiPing Cheung
State of Inc
Fiscal Year End 12-31
Total Offering Expense $1,596,104.00
Shareholder Shares Offered
Shares Outstanding 13,880,000
Lockup Period (days) 180
Lockup Expiration 2025-08-11 00:00:00
Quiet Period Expiration 2025-03-24 00:00:00
CIK 0002009312
DealId 1299923-110539

Company Description

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike. The property underlying both of our golf country clubs and the owner of that property are part of and subject to the Association, a not-for-profit corporation homeowners association. Leveraging our two golf country clubs, we plan to (i) continue to develop customer loyalty and capture a greater share of the golf-players who live in, or visit the greater Orlando region and (ii) increase our revenue from the operation of our golf country clubs. We believe the quality of our golf-courses and the amenities we offer will continue to enhance our ability to attract and retain golf-players across a number of demographic groups and skill levels. Each of our golf country clubs is organized into four principal business sectors: (i) golf recreation, retail golf products, and equipment and facilities rental, (ii) membership dues, (iii) food and beverage services. and (iv) ancillary services and amenities. Each of the golf-courses featured at our golf country clubs present a different set of physical and strategic challenges depending on the layout and where we place the position of a ball-hole and flagstick on a green from time to time during the golf-season. We believe this variation helps to create an enjoyable experience for our customers, no matter how many times they have visited our golf-courses before. We acquired both of our golf country clubs in 2014, and since then, our management team has grown alongside the business. Similarly, our revenue has increased steadily during the last five years due to efforts from our greens superintendent as well as the executive management team. We believe recent capital improvements at both golf country clubs will help the facilities and our golf-courses progressively grow in stature and reputation in order to keep up to date with future infrastructure needs that can meet future demand and structural wherewithal. As a result of these upgrades and our management’s plans for growth, we believe they have gained valuable experience and are well-equipped to take on additional assets and continue to enhance the performance of both golf country clubs since our initial acquisition in 2014. --- Our principal executive office is located at 2995 Remington Boulevard, Kissimmee, Florida 34744. Our telephone number is (407) 344 4004 and our website address is www.aureusgreenway.com.