
Ziyun Oriental Consulting Management Limited (‘Ziyun Oriental’) was approved by the U.S. Securities and Exchange Commission (‘SEC’) on 15 May 2025 and successfully listed on the U.S. global capital markets and publicly disclosed, with a stock code of YLY (query APP Orient Fortune).
Hong Kong, China-based consulting firm Ziyun Oriental filed its initial public offering (IPO) application with the US Securities and Exchange Commission (SEC) on Friday, 15 May 2025. The company plans to raise $8 million by issuing 1.5 million shares at a price of $4 to $6 per share. At the midpoint of the proposed offering price range, Purple Cloud East would have a market capitalisation of $83 million.
Purple Cloud East provides consulting and advisory services, focusing on assessing and studying the feasibility of investing in Southeast Asia, particularly in Vietnam. The company aims to provide one-stop cross-border corporate services solutions and subsequent overseas landing services.
Headquartered in Hong Kong, Ziyun Oriental is a consulting firm providing cross-border corporate services solutions and overseas landing services. It focuses on assessing and researching the feasibility of investments in Southeast Asia to help clients realise maximum business value. For the six months ended 30 November 2024, Purple Cloud East reported revenues of US$1.21 million, compared to US$0.94 million in the same period of the previous year, with corresponding net profits of US$0.22 million and US$0.43 million, respectively.
On 20 October 2021, Purple Cloud Orient Consulting & Management Limited (HK) was established.
On 23 April 2024, Zi Yun Dong Fang Limited (Cayman) was established; and
On 9 September 2024, Zi Yun Dong Fang (Shanghai) Enterprise Consulting Limited was established.
Chairman of the Board of Directors of the Company, Executive Director and major shareholder of the Company: Huizi School, holding 75.75 per cent of the shares.