Wet trades services and ancillary services
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Masonglory Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection with its Initial Public Offering
GlobeNewswire News Room· 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] - The final prospectus related to the Offering can be obtained from D. Boral Capital LLC or via the SEC's website [3]
Masonglory Limited Announces Closing of Its Initial Public Offering
Globenewswire· 2025-07-09 20:30
Core Viewpoint - Masonglory Limited successfully closed its initial public offering, raising a total of $6,000,000 by offering 1,500,000 ordinary shares at a price of $4.00 per share, with trading commencing on Nasdaq under the ticker symbol "MSGY" [1][4]. Group 1: Offering Details - The offering closed on July 9, 2025, and the shares began trading on July 8, 2025 [1]. - The underwriter has an option to purchase an additional 225,000 ordinary shares within 45 days from the closing date to cover any over-allotments [2]. - The offering was conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole underwriter [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated as follows: approximately 15% for expanding the workforce, 15% for acquiring additional machinery, 15% for diversifying the project portfolio, 15% for strengthening marketing efforts, and 40% for working capital and other general corporate purposes [3]. Group 3: Company Background - Masonglory Limited, founded in 2018 in Hong Kong, specializes in providing wet trades and ancillary services to property developers and the Hong Kong government [7]. - The company is a registered specialist trade contractor since 2020, offering services that include plastering, tile laying, brick laying, floor screeding, and marble works [7].