Hong Kong, March 20, 2026 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (“MSW” or the “Company”) (Nasdaq: MSW) is an exempted company with limited liability incorporated under the laws of the Cayman Islands with no material operations of its own. The Company, through its indirectly wholly-owned operating subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited, is engaged in wet trades works services in Hong Kong. The Company today announced its unaudited financial results for the s ...

Core Viewpoint - Ming Shing Group Holdings Limited announces significant changes in its Board of Directors, including the resignation of key financial officers and the appointment of a new Chief Financial Officer [1][2]. Group 1: Board Changes - Pik Chun Lin and Chi Hei Tsoi have resigned as Chief Financial Officer and Chief Accounting Officer, respectively, citing personal reasons and not due to any disagreements with the Company [2]. - To Wa Yiu has been appointed as the new Chief Financial Officer, bringing over 20 years of experience in accounting, auditing, and business management [2][3]. Group 2: New CFO Background - To Wa Yiu, age 43, has held various significant positions, including financial controller at Cornerstone Financial Holdings Limited and managing director at DeTai New Energy Group Limited [3]. - His previous roles also include financial controller at PacRay International Holdings Limited and finance manager at Pacific Plywood Holdings Limited, along with experience at Deloitte Touche Tohmatsu [3]. Group 3: Company Overview - Ming Shing Group Holdings Limited is primarily engaged in wet trades works, including plastering, tile laying, brick laying, floor screeding, and marble works [4]. - The Company aims to be the leading provider of wet trades works services in Hong Kong, focusing on quality services that meet customer standards [4]. - It operates through two wholly-owned subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited, handling both private and public sector projects [4].

Core Viewpoint - Bitcoin briefly fell below $65,000, leading to a widespread decline in cryptocurrency-related stocks in the US market [1] Group 1: Market Performance - Abits experienced a significant drop of 26.27%, with a total market capitalization of $6.5177 million [2] - iPower saw a decline of 24.62%, bringing its market cap to $3.2401 million [2] - Ming Cheng Group's stock fell by 16%, with a market value of $13.6238 million [2] - Other notable declines include HYPERLIQUID STRATE down 10.84%, CANG down 6.97%, and BitGo Holdings down 6.90% [2] Group 2: Additional Stock Movements - Nakamoto decreased by 6.39%, with a market cap of $1.53 million [2] - Canaan Inc. (嘉楠科技) dropped 5.93%, valued at $28.4 million [2] - Bit Origin fell by 5.51%, with a market capitalization of $3.8284 million [2] - Robinhood and Strive also saw declines of 4.72% and 4.54%, respectively, with market caps of $65.281 billion and $48.5 million [2]

Group 1 - The core viewpoint of the article highlights the recent stock performance of Ming Cheng Group (MSW), which opened at $1.63 per share, reflecting a 7.24% increase, with a total market capitalization of $21.1493 million as of December 15 [1] - Financial data indicates that as of March 31, 2025, Ming Cheng Group reported total revenue of $33.851 million, representing a year-on-year growth of 22.77%, while the net profit attributable to shareholders was -$5.7308 million, a significant decrease of 346.31% compared to the previous year [1] - Ming Cheng Group Holdings Limited is a Cayman Islands-registered holding company primarily operating through its subsidiary, Ming Cheng (Hong Kong) Engineering Co., Ltd., which specializes in various engineering projects including masonry, painting, waterproofing, and renovation [1] Group 2 - The company prides itself on a pragmatic and cautious approach to project execution, emphasizing timely completion and reasonable pricing, supported by reputable suppliers and a team of experienced professionals [1] - Ming Cheng Group focuses on seizing opportunities to leverage its professional advantages for business expansion, adapting to changing market demands and environmental developments [1]

Group 1 - The article reports significant declines in the stock prices of several Chinese concept stocks, with Intercont leading the drop at 26.87% [1] - Other notable declines include INNO Holdings at 22.06%, Mobile Finance at 21.64%, Next Technology at 19.81%, and Ming Cheng Group at 16.67% [1] - The trading volumes for these stocks varied, with Intercont having a trading volume of 17.5498 million, while Ming Cheng Group had a much lower volume of 0.0501 million [1] Group 2 - The latest prices for the mentioned stocks are as follows: Intercont at 0.5679, INNO Holdings at 0.1740, Mobile Finance at 18.140, Next Technology at 6.800, and Ming Cheng Group at 1.400 [1] - The price changes in absolute terms show Intercont decreased by 0.2087, INNO Holdings by 0.0493, Mobile Finance by 5.010, Next Technology by 1.680, and Ming Cheng Group by 0.280 [1]

Core Viewpoint - Ming Shing Group Holdings Limited announces a significant update in its Board of Directors, including the resignation of an independent director and the appointment of a new director with extensive business administration experience [1][2][3]. Group 1: Board Changes - Yu Yuan has resigned as an independent director for personal reasons, with no disagreements reported with the Company [2]. - Wan-Jung Sun has been appointed to the Board of Directors, bringing over 10 years of experience in business administration, which is expected to enhance the Company's corporate governance [2][3]. Group 2: Background of New Director - Wan-Jung Sun, age 39, has held various managerial positions, including assistant to the COO at Ruiying Japan Co., Ltd. and senior manager at Imperial Pacific International (CNMI), LLC [3]. - Ms. Sun's educational background includes a Bachelor of Science from the Chihlee Institute of Technology, obtained in 2015 [3]. Group 3: Company Overview - Ming Shing Group Holdings Limited specializes in wet trades works, including plastering, tile laying, brick laying, floor screeding, and marble works [4]. - The Company aims to be the leading provider of wet trades services in Hong Kong, operating through two wholly-owned subsidiaries focused on both private and public sector projects [4].

Core Insights - Ming Cheng Group (MSW) opened with a 5.41% increase, trading at $1.95 per share, with a total market capitalization of $25.30 million as of August 25 [1] - For the fiscal year ending March 31, 2025, the company reported total revenue of $33.85 million, reflecting a year-on-year growth of 22.77%, while the net profit attributable to shareholders was -$5.73 million, a significant decrease of 346.31% compared to the previous year [1] Company Overview - Ming Cheng Group Holdings Limited is a Cayman Islands-registered holding company primarily operating through its subsidiary, Ming Cheng (Hong Kong) Engineering Limited [1] - The company specializes in various engineering projects, including masonry, painting, marble, waterproofing, and renovation, as well as cleaning and miscellaneous contracting work [1] - The company prides itself on a pragmatic and cautious approach, ensuring timely project completion at reasonable prices, supported by reputable suppliers and a team of experienced professionals [1] Strategic Focus - The company emphasizes adapting to changing market conditions and seizing opportunities to leverage its professional advantages for business expansion [1] - It aims to meet evolving environmental and market demands through excellent management and a collaborative workforce [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Ming Cheng Group (MSW), noting a stock price increase and significant revenue growth despite a substantial net loss [1] - As of March 31, 2025, Ming Cheng Group reported total revenue of $33.85 million, representing a year-on-year increase of 22.77% [1] - The company experienced a net loss attributable to shareholders of $5.73 million, which reflects a year-on-year decrease of 346.31% [1] Group 2 - Ming Cheng Group Holdings Limited is a Cayman Islands-registered holding company primarily operating through its subsidiary, Ming Cheng (Hong Kong) Engineering Co., Ltd., which specializes in various engineering projects including masonry, painting, and waterproofing [1] - The company prides itself on its commitment to quality service, emphasizing a pragmatic and careful approach to project execution, supported by experienced staff and strong supplier relationships [1] - Ming Cheng Group aims to adapt to changing market conditions and seize opportunities to expand its business, leveraging its professional advantages to meet evolving industry demands [1]

Core Insights - Ming Cheng Group (MSW) experienced a stock price increase of 5.32%, reaching $1.98 per share with a total market capitalization of $25.69 million as of August 22 [1] - Financial data indicates that as of March 31, 2025, the total revenue of Ming Cheng Group was $33.85 million, reflecting a year-on-year growth of 22.77%, while the net profit attributable to shareholders was -$5.73 million, a significant decrease of 346.31% compared to the previous year [1] Company Overview - Ming Cheng Group Holdings Limited is a foreign holding company registered in the Cayman Islands, primarily operating through its domestic subsidiary, Ming Cheng (Hong Kong) Engineering Co., Ltd [1] - The company specializes in undertaking various engineering projects, including masonry, painting, marble work, waterproofing, and renovations, as well as cleaning and miscellaneous services [1] - The company prides itself on a pragmatic and cautious approach, ensuring timely project completion at reasonable prices, supported by reputable suppliers and a team of experienced professionals [1] Strategic Focus - The company emphasizes adapting to changing market conditions and seizing opportunities to leverage its professional advantages for business expansion [1] - It aims to meet evolving environmental developments and market demands through excellent management and flexible resource allocation [1]

Core Insights - Ming Cheng Group (MSW) opened with a 2.13% increase, trading at $1.92 per share, with a total market capitalization of $24.91 million as of August 22 [1] - As of March 31, 2025, the company reported total revenue of $33.85 million, reflecting a year-on-year growth of 22.77%, while the net profit attributable to shareholders was -$5.73 million, a significant decrease of 346.31% compared to the previous year [1] Company Overview - Ming Cheng Group Holdings Limited is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Ming Cheng (Hong Kong) Engineering Co., Ltd [1] - The company specializes in various engineering projects, including masonry, painting, marble work, waterproofing, and renovations, as well as cleaning and miscellaneous services [1] - The company prides itself on a pragmatic and cautious approach, ensuring timely project completion at reasonable prices, supported by reputable suppliers and a team of experienced professionals [1] Strategic Focus - The company emphasizes adapting to changing market conditions and seizing opportunities to leverage its professional advantages for business expansion [1] - It aims to meet evolving environmental developments and market demands through excellent management and flexible resource allocation [1]