Ming Shing Group Holdings Limited Completes $8.25 Million IPO “`

November 24, 2024 by No Comments

Hong Kong-based Ming Shing Group Holdings Limited (MSW) successfully priced its initial public offering (IPO) of 1.5 million ordinary shares at $5.50 per share, raising $8.25 million in gross proceeds. The shares are slated to commence trading on the Nasdaq Capital Market on November 22, 2024, under the ticker symbol “MSW”.

Net proceeds, after underwriting discounts, commissions, and expenses, will be allocated to expanding the workforce, settling bank loans and lease obligations, acquiring equipment, implementing an enterprise resource planning system, and bolstering working capital.

The IPO is anticipated to conclude on November 25, 2024, contingent upon the fulfillment of customary closing conditions. Alexander Capital, L.P. serves as the managing underwriter, alongside Revere Securities LLC as a joint book-runner. Legal counsel for Ming Shing is provided by Nauth LPC, while Sullivan & Worcester LLP and VCL Law LLP represent Alexander and Revere, respectively.

The share offering is conducted under a registered statement (Form F-1, File Number: 333-281817), declared effective by the SEC on November 21, 2024. Investment requires reviewing the prospectus and SEC filings for comprehensive company and offering details. Securities are offered only via the prospectus and are subject to applicable U.S. and state registration requirements.

About Ming Shing Group Holdings Limited

Ming Shing Group Holdings Limited specializes in wet trades work, encompassing plastering, tile laying, bricklaying, floor screeding, and marble work. Operating through its subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited, it aims to be Hong Kong’s leading wet trades services provider. MS (HK) Engineering Limited works on both public and private projects, while MS Engineering Co., Limited focuses on private sector projects.

Forward-Looking Statements

This announcement contains forward-looking statements, including regarding the IPO. These statements involve inherent risks and uncertainties and reflect current expectations. Words like “aim,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “propose,” “seek,” “should,” “will,” and “would” often signal such statements. The Company is not obligated to update forward-looking statements unless legally required. While the Company believes its expectations are reasonable, actual results may differ materially. Investors should consult the Company’s registration statement and SEC filings for more information.

For more information, please contact:

Ming Shing Group Holdings Limited
Investor Relations Department
Email:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:

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