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Masonglory Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
Globenewswire· 2025-07-24 20:30
Core Viewpoint - Masonglory Limited successfully completed the sale of an additional 225,000 ordinary shares at the IPO price of $4.00 per share, raising gross proceeds of $900,000, in addition to the previously announced IPO gross proceeds of $6,000,000 [1] Company Overview - Masonglory Limited, founded in 2018 in Hong Kong, is a subcontractor specializing in wet trades and ancillary services for property developers and the Hong Kong government [5] - The company is a registered specialist trade contractor (plastering-group 2) since 2020, offering comprehensive wet trades solutions including plastering, tile laying, brick laying, floor screeding, and marble works [5] Offering Details - The Offering was conducted on a firm commitment basis with D. Boral Capital LLC acting as the sole underwriter [2] - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 30, 2025 [3]