Group 1 - Ming Shing Group Holdings Limited has successfully closed its initial public offering of 1,500,000 ordinary shares at a price of $5.50 per share, generating approximately $8,250,000 in gross proceeds before expenses [1][2] - The shares began trading on The Nasdaq Capital Market under the ticker symbol "MSW" on November 22, 2024 [2] - The company plans to utilize the net proceeds from the offering for workforce expansion, repayment of bank borrowings, acquisition of equipment, procurement of an enterprise resource planning system, and general working capital [2] Group 2 - Alexander Capital, L.P. acted as the managing underwriter for the offering, with Revere Securities LLC serving as joint book-runners [3] - The offering was conducted under a registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on November 21, 2024 [4] Group 3 - Ming Shing Group Holdings Limited is primarily engaged in wet trades works, including plastering, tile laying, brick laying, floor screeding, and marble works [6] - The company aims to become the leading wet trades works service provider in Hong Kong, focusing on quality services that meet customer standards [6] - The company operates through two wholly-owned subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited, serving both private and public sector projects [6]
Ming Shing Group Holdings Limited Announces Closing of $8,250,000 Initial Public Offering