Ming Shing Group Completes Oversubscription in IPO “`

December 11, 2024 by No Comments

Hong Kong, December 9, 2024 – Ming Shing Group Holdings Limited (“Ming Shing” or the “Company”), (NASDAQ: MSW), a Hong Kong-based wet trades contractor aiming for market leadership in Hong Kong, today announced the completion of an additional 225,000 ordinary share sale. This resulted from the full exercise of the underwriter’s over-allotment option related to its initial public offering (“IPO”). These shares were sold at the IPO price of $5.50 per share, net of underwriting discounts. The Company’s total gross proceeds from the IPO, including this over-allotment, reached $9,487,500. This figure is before deducting underwriting discounts, commissions, and estimated offering expenses.

Alexander Capital, L.P. (“Alexander”) served as the managing underwriter, while Alexander and Revere Securities LLC (“Revere”) acted as joint book-runners. Legal counsel for the Company was provided by Nauth LPC; Sullivan & Worcester LLP and VCL Law LLP represented Alexander and Revere.

The Offering’s registration statement (Form F-1, File No. 333-281817) was filed with and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 21, 2024. Securities are offered solely via prospectus. Prospectuses are available from Alexander Capital L.P., 10 Drs James Parker Boulevard #202, Red Bank, New Jersey 07701, Attention: Equity Capital Markets; by calling (212) 687-5650 or emailing ; or on the SEC website at .

Potential investors should review the prospectus and other SEC filings for complete information about the Company and the Offering before investing. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and no sales will occur where prohibited by law.

About Ming Shing Group Holdings Limited

Ming Shing Group Holdings Limited is a Hong Kong company specializing in wet trades, including plastering, tile laying, bricklaying, floor screeding, and marble work. Its goal is to become Hong Kong’s leading wet trades services provider by delivering high-quality work that meets client specifications. The Company operates through two wholly-owned subsidiaries in Hong Kong: MS (HK) Engineering Limited and MS Engineering Co., Limited. MS (HK) Engineering Limited, a registered subcontractor and specialist trade contractor (Construction Industry Council), handles both public and private projects. MS Engineering Co., Limited primarily focuses on private sector projects. For more information, please visit the Company’s website: .

Forward-Looking Statements

This announcement contains forward-looking statements, including those concerning the Company’s Offering. These statements involve inherent risks and uncertainties, and are based on current expectations and projections about future events. These events could impact the Company’s financial condition, results of operations, business strategy, and financial needs, including the successful completion of the Offering. Words like “aim,” “anticipate,” “believe,” “estimate,” “expect,” “going forward,” “intend,” “may,” “plan,” “potential,” “predict,” “propose,” “seek,” “should,” “will,” “would,” and similar expressions often indicate forward-looking statements. The Company is not obligated to update these statements except as required by law. While the Company believes its expectations are reasonable, actual results may differ significantly. Investors should review other factors that may affect future results in the Company’s registration statement and other SEC filings.

For more information, please contact:

Ming Shing Group Holdings Limited
Investor Relations Department
Email:

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