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Ming Shing Group Holdings (NASDAQ: MSW), a Hong Kong-based wet trades works service provider, has announced an expansion of its Board of Directors from four to five members with the appointment of Wenjin Li as the fifth director. Li, 45, brings over 20 years of experience in business administration and sales and marketing to the company. CEO Chi Ming Lam expressed confidence that Li's business administration expertise will contribute to the company's future growth and development.
Ming Shing Group Holdings (NASDAQ: MSW), a Hong Kong-based wet trades works service provider, has announced the closing of its underwriter's over-allotment option in connection with its IPO. The company sold an additional 225,000 ordinary shares at $5.50 per share, bringing the total gross proceeds to $9,487,500, including the previously announced IPO proceeds of $8,250,000.
Alexander Capital acted as the managing underwriter, while Alexander and Revere Securities served as joint book-runners for the offering. The IPO registration statement on Form F-1 was declared effective by the SEC on November 21, 2024.
Ming Shing Group Holdings (NASDAQ: MSW) has successfully closed its Initial Public Offering of 1,500,000 ordinary shares at $5.50 per share, raising gross proceeds of approximately $8,250,000. The company began trading on the Nasdaq Capital Market on November 22, 2024. The underwriters have a 45-day option to purchase up to 225,000 additional shares. The net proceeds will be used for workforce expansion, bank borrowings repayment, equipment acquisition, ERP system procurement, and working capital. Alexander Capital served as managing underwriter, while Alexander and Revere Securities acted as joint book-runners for the offering.
Ming Shing Group Holdings announced the pricing of its initial public offering of 1,500,000 ordinary shares at $5.50 per share, expecting to raise $8.25 million in gross proceeds. The shares will trade on the Nasdaq Capital Market under symbol MSW starting November 22, 2024. The company granted underwriters a 45-day option to purchase up to 225,000 additional shares. Proceeds will fund workforce expansion, bank loan repayment, equipment acquisition, ERP system procurement, and working capital. The offering is expected to close on November 25, 2024, with Alexander Capital and Revere Securities as joint book-runners.
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