Ming Shing Group Holdings Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
December 09 2024 - 11:00AM
Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”),
(NASDAQ: MSW), a Hong Kong based company mainly engaged in wet
trades works whose mission it is to become the leading wet trades
works service provider in Hong Kong, today announced that it closed
the sale of an additional 225,000 ordinary shares of the Company,
pursuant to the full exercise of the underwriter’s over-allotment
option granted in connection with the Company’s initial public
offering (“IPO”, together with such over-allotment closing, the
“Offering”), at the IPO price of $5.50 per share, less underwriting
discounts. As a result, the Company has raised aggregate gross
proceeds of $9,487,500, including the previously announced IPO
gross proceeds of $8,250,000, prior to deducting underwriting
discounts and commissions and estimated offering expenses payable
by the Company.
Alexander Capital, L.P. (“Alexander”) acted as
the managing underwriter for the Offering and Alexander and Revere
Securities LLC (“Revere”), acted as joint book-runners for the
Offering. Nauth LPC served as counsel to the Company, and Sullivan
& Worcester LLP and VCL Law LLP served as counsel to Alexander
and Revere in connection with the Offering.
A registration statement on Form F-1 (File No.
333-281817) relating to the Offering, as amended, has been filed
with the U.S. Securities and Exchange Commission (the "SEC") and
was declared effective by the SEC on November 21, 2024. The
Offering is being made only by means of a prospectus. A copy of the
final prospectus relating to the Offering may be obtained from
obtained from Alexander Capital L.P., 10 Drs James Parker Boulevard
#202, Red Bank, New Jersey 07701, Attention: Equity Capital
Markets, or by calling (212) 687-5650 or emailing
info@alexandercapitallp.com or by logging on to the SEC’s website
at www.sec.gov.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Ming Shing Group Holdings
Limited
Ming Shing Group Holdings Limited is a Hong
Kong-based company mainly engaged in wet trades works, such as
plastering works, tile laying works, brick laying works, floor
screeding works and marble works. With a mission to become the
leading wet trades works services provider in Hong Kong, the
Company strives to provide quality services that comply with its
customers’ quality standards, requirements, and specifications. The
Company conducts its business through its two wholly-owned Hong
Kong operating subsidiaries, MS (HK) Engineering Limited and MS
Engineering Co. Limited. MS (HK) Engineering Limited is a
registered subcontractor and a registered specialist trade
contractor under the Registered Specialist Trade Contractors Scheme
of the Construction Industry Council and undertakes both private
and public sector projects, while MS Engineering Co., Limited
mainly focuses on private sector projects. For more information,
please visit the Company’s website: https://ir.ms100.com.hk.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company’s proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that may affect its financial condition, results of
operations, business strategy and financial needs, including the
expectation that the Offering will be successfully completed.
Investors can find many (but not all) of these statements by the
use of words such as “aim”, “anticipate”, “believe”, “estimate”,
“expect”, “going forward”, “intend”, “may”, “plan”, “potential”,
“predict”, “propose”, “seek”, “should”, “will”, “would” or other
similar expressions in this press release. The Company undertakes
no obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company’s registration statement and other filings with the
SEC.
For more information, please contact:
Ming Shing Group Holdings
LimitedInvestor Relations DepartmentEmail:
ir@ms100.com.hk
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