Welcome to our dedicated page for MASONGLORY news (Ticker: MSGY), a resource for investors and traders seeking the latest updates and insights on MASONGLORY stock.
Masonglory Limited (MSGY) is a Hong Kong-based subcontractor in the engineering and construction industry, focusing on wet trades services and related ancillary services. The company provides plastering, tile laying, brick laying, floor screeding, and marble works to property developers and the Hong Kong government, and its ordinary shares are listed on the Nasdaq Capital Market.
This news page brings together announcements and disclosures that Masonglory releases to the market. Readers can find coverage of capital markets events such as the company’s initial public offering of ordinary shares on Nasdaq and the subsequent closing of the underwriter’s over-allotment option. These items outline how many shares were offered, the public offering price, and the structure of the offering, as described in Masonglory’s press releases and related Form F-1 registration statement.
In addition to offering-related updates, Masonglory’s news includes corporate and governance developments reported through press releases and Form 6-K filings. For example, the company has announced the appointment of a director to its board of directors via a Form 6-K current report. Such disclosures provide insight into the company’s governance and organizational changes.
Investors and observers who follow MSGY news can use this page to review Masonglory’s official communications about its IPO, over-allotment option, and other significant corporate events. By checking this feed, users can monitor how the company describes its wet trades subcontracting business, its listing status on Nasdaq, and key updates that it files or announces in connection with its operations and capital markets activities.
Masonglory Limited (MSGY), a Hong Kong-based wet trades subcontractor, has successfully closed its IPO over-allotment option with the sale of 225,000 additional ordinary shares at $4.00 per share. This exercise generated additional gross proceeds of $900,000, supplementing the initial IPO proceeds of $6,000,000.
The firm commitment offering was underwritten by D. Boral Capital LLC, with legal representation from CFN Lawyers LLC for Masonglory and Loeb & Loeb LLP for the underwriter. The company's F-1 registration statement was declared effective by the SEC on June 30, 2025.
Masonglory Limited (NASDAQ:MSGY), a Hong Kong-based subcontractor specializing in wet trades and related ancillary services, has successfully completed its Initial Public Offering (IPO). The company sold 1,500,000 ordinary shares at $4.00 per share, raising total gross proceeds of $6,000,000.
Trading commenced on the Nasdaq Capital Market on July 8, 2025. The underwriter, D. Boral Capital LLC, has a 45-day option to purchase up to 225,000 additional shares. The net proceeds will be allocated across workforce expansion (15%), machinery acquisition (15%), project portfolio diversification (15%), marketing efforts (15%), and working capital (40%).
Masonglory Limited (NASDAQ:MSGY), a Hong Kong-based subcontractor specializing in wet trades and related ancillary services, has announced the pricing of its initial public offering of 1.5 million ordinary shares at $4.00 per share.
The company expects to raise gross proceeds of approximately $6 million before deducting underwriting costs. Trading is set to begin on July 8, 2025, under the symbol "MSGY" on the Nasdaq Capital Market. The underwriters have a 45-day option to purchase up to 225,000 additional shares.
The net proceeds will be allocated across five key areas: 15% each for workforce expansion, machinery acquisition, project portfolio diversification, and marketing efforts, with the remaining 40% designated for working capital and general corporate purposes.
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