Early Ming Shing (MSW) investor files to sell 1,392,135 shares
Rhea-AI Filing Summary
Ming Shing Group Holdings Limited has a notice to sell 1,392,135 ordinary shares through broker I Win Securities Limited on Nasdaq. The shares have an aggregate market value of 1447820.40 based on the figure provided. The filing states that 12975000 ordinary shares are outstanding, so this planned sale represents a sizeable portion of the company’s equity.
The seller originally acquired 11250000 ordinary shares on 12/05/2022 in a pre-IPO investment directly from the issuer. By signing the notice, the seller represents that they do not know of any undisclosed material adverse information about Ming Shing Group Holdings’ current or prospective operations.
Positive
- None.
Negative
- Significant insider/affiliate sale planned: A holder plans to sell 1,392,135 ordinary shares of Ming Shing Group Holdings Limited, a notable portion of the 12975000 shares outstanding.
Insights
Large pre-IPO holder plans sale of over 1.3M Ming Shing shares.
The notice covers a planned sale of 1,392,135 ordinary shares of Ming Shing Group Holdings Limited, to be executed on Nasdaq through I Win Securities Limited. The filing cites an aggregate market value of
The seller acquired 11250000 ordinary shares via a pre-IPO investment from the issuer on