Ming Shing Group Holdings Limited Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders’ Equity Requirement

Rhea-AI Summary

Ming Shing Group Holdings (NASDAQ: PMA) received a Nasdaq notice on August 17, 2026 stating it no longer meets Nasdaq Listing Rule 5550(b), as its Form 20-F reported net loss of US$5,763,745 and total comprehensive loss of US$5,730,751 for fiscal years ended March 31, 2026 and 2025.

The company does not satisfy the US$2.5 million stockholders’ equity or US$35 million market value alternatives. Ming Shing has 45 days, until October 1, 2026, to submit a compliance plan, with a potential extension of up to 180 days. The notice has no immediate effect on its Nasdaq Capital Market listing, and the company intends to submit a plan.

Positive

• Nasdaq notice has no immediate effect on PMA share listing status
• Company has 45 days, until October 1, 2026, to submit compliance plan
• Nasdaq may grant up to 180 additional days from August 17, 2026 to regain compliance
• Management intends to submit a compliance plan and evaluate alternatives

Negative

• Company no longer complies with Nasdaq Listing Rule 5550(b) equity/market value standards
• Reported net loss of US$5,763,745 for fiscal year ended March 31, 2026
• Reported total comprehensive loss of US$5,730,751 for fiscal year ended March 31, 2025
• Does not meet US$2.5 million stockholders’ equity or US$35 million market value tests

Argus Aug 18 session 7 alerts

-5.45% close to close 1.5x rel. volume Open Argus

Details

Market move: PMA -5.45% in the Aug 18 session. Nasdaq compliance notice

$20.51M Market Cap

On Aug 18, the day this news came out, PMA closed 5.45% below the previous close. Our momentum scanner recorded 7 alerts for this stock that day.

Data tracked by StockTitan Argus for the Aug 18 session.

Key Figures

Net loss: US$5,763,745 Total comprehensive loss: US$5,730,751 Stockholders’ equity alternative: US$2.5 million +5 more

Net loss

US$5,763,745

Fiscal year ended March 31, 2026

Total comprehensive loss

US$5,730,751

Fiscal year ended March 31, 2025

Stockholders’ equity alternative

US$2.5 million

Nasdaq Listing Rule 5550(b)

Listed securities alternative

US$35 million

Nasdaq Listing Rule 5550(b)

Compliance-plan period

45 calendar days

Deadline to submit a plan to Nasdaq

Plan submission deadline

October 1, 2026

Deadline to submit a compliance plan

Potential extension

180 calendar days

Maximum extension if Nasdaq accepts the plan

Notice date

August 17, 2026

Date of Nasdaq notification

Historical Context

2 past events · Latest: Aug 12

2 events

1. Aug 12

   Acquisition agreement

   24h Move

   -7.1%

   Acquisition agreement valued at US$510 million, payable entirely in company securities.

2. Jul 30

   Cooperation framework

   24h Move

   +0.0%

   Non-binding cooperation framework for graphene technology applications in agriculture and logistics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, total comprehensive loss, stockholders’ equity, nasdaq listing rule 5550(b)

4 terms

form 20-f regulatory

"based upon the Company’s Form 20-F filed on August 17, 2026"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

total comprehensive loss financial

"reported net loss and total comprehensive loss of US$5,763,745"

The total comprehensive loss is the overall decrease in a company’s equity during a reporting period after combining the net loss from operations with other comprehensive loss items that bypass the income statement, such as foreign currency translation effects, unrealized losses on certain investments, and pension plan adjustments. It matters to investors because it shows the full, bottom-line movement in owner’s equity—like a bank statement that includes both spending and changes in account values—not just operating profit or loss.

stockholders’ equity financial

"US$2.5 million in stockholders’ equity"

Stockholders’ equity is the portion of a company’s value that belongs to its owners after subtracting what the company owes from what it owns — like the equity in a house after paying the mortgage. For investors it shows the company’s net worth and can indicate financial strength, a cushion against losses, and the amount potentially available to support dividends or reinvestment; tracking changes helps assess whether the business is building or eroding owner value.

nasdaq listing rule 5550(b) regulatory

"alternatives under Nasdaq Listing Rule 5550(b)"

A Nasdaq listing rule that requires companies on the Nasdaq Capital Market to keep their share price at or above a minimum level (commonly $1.00 per share) to avoid delisting. It matters to investors because dropping below that threshold can start a formal review that may remove a stock from the exchange, which can reduce trading liquidity, make shares harder to sell, and hurt a company’s ability to raise capital — similar to a store losing its grade and being forced to close or move to a less prominent location.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Hong Kong, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces it has received a letter from the Listing Qualification Department of the Nasdaq Stock Market LLC (“Nasdaq”) on August 17, 2026 indicating that, based upon the Company’s Form 20-F filed on August 17, 2026, the Company reported net loss and total comprehensive loss of US$5,763,745 and US$5,730,751 for the fiscal years ended March 31, 2026, 2025, respectively. The Company does not meet the alternatives of US$2.5 million in stockholders’ equity or US$35 million market value of listed securities and as such, the Company no longer complies with any alternatives under Nasdaq Listing Rule 5550(b). The Company has 45 calendar days, or until October 1, 2026, to submit a plan to Nasdaq to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant an extension of up to 180 calendar days from August 17, 2026 to evidence compliance. The notification has no immediate effect on the listing of the Company’s shares on The Nasdaq Capital Market. The Company intends to submit a compliance plan within the prescribed timeframe and is evaluating various alternatives to regain compliance with the applicable listing requirements.

About Ming Shing Group Holdings Limited

Ming Shing Group Holdings Limited is a Hong Kong-based company mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. The Company conducts its wet trades works business through its two wholly-owned Hong Kong operating subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited. MS (HK) Engineering Limited is a registered subcontractor and a registered specialist trade contractor under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council and undertakes both private and public sector projects, while MS Engineering Co. Limited mainly focuses on private sector projects. The Company also conducts graphene thermal management technology activities through its subsidiary, PMA Nano Carbon Technology Pte. Ltd. For more information, please visit the Company’s website: https://ir.ms100.com.hk.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:
Ming Shing Group Holdings Limited
Investor Relations Department
Email: ir@ms100.com.hk 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notice did Ming Shing Group Holdings (NASDAQ: PMA) receive in August 2026?

Ming Shing received a Nasdaq notice on August 17, 2026 that it no longer complies with Nasdaq Listing Rule 5550(b). According to Ming Shing, the deficiency is based on losses reported in its Form 20-F and failure to meet equity or market value alternatives.

Why is Ming Shing Group Holdings (PMA) out of compliance with Nasdaq Listing Rule 5550(b)?

Ming Shing is out of compliance because it does not meet the US$2.5 million stockholders’ equity or US$35 million market value requirements. According to Ming Shing, this follows reported net and comprehensive losses in fiscal years ended March 31, 2026 and 2025.

How much did Ming Shing Group Holdings (NASDAQ: PMA) lose in its latest fiscal years?

Ming Shing reported a net loss of US$5,763,745 for the fiscal year ended March 31, 2026. According to Ming Shing, it also reported total comprehensive loss of US$5,730,751 for the fiscal year ended March 31, 2025, contributing to Nasdaq compliance issues.

How long does Ming Shing (PMA) have to regain Nasdaq compliance after the August 17, 2026 notice?

Ming Shing has 45 calendar days, until October 1, 2026, to submit a compliance plan to Nasdaq. According to Ming Shing, if Nasdaq accepts the plan, it may grant up to 180 additional days from August 17, 2026 to evidence compliance.

Does the Nasdaq non-compliance notice immediately affect trading of Ming Shing (NASDAQ: PMA) shares?

The notice has no immediate effect on the listing of Ming Shing shares on the Nasdaq Capital Market. According to Ming Shing, its stock continues to trade while it prepares and submits a compliance plan within the required timeframe.

What steps does Ming Shing Group Holdings (PMA) plan to take after the Nasdaq notice?

Ming Shing intends to submit a compliance plan to Nasdaq within the 45-day deadline. According to Ming Shing, the company is evaluating various alternatives to regain compliance with the applicable listing requirements, though specific actions have not been detailed.

What business operations does Ming Shing Group Holdings (NASDAQ: PMA) have?

Ming Shing is a Hong Kong-based company mainly engaged in wet trades works such as plastering, tile laying, brick laying, floor screeding and marble works. According to Ming Shing, it operates through two Hong Kong subsidiaries and also conducts graphene thermal management technology activities via a separate subsidiary.