[6-K/A] Ming Shing Group Holdings Limited Amended Current Report (Foreign Issuer)
Form 6-K/A — Ming Shing Group Holdings Limited (Aug 6, 2025)
The Company confirms that previously disclosed agreements to purchase 500 BTC (Jan 13, 2025) and 333 BTC (Mar 11, 2025) remain not consummated: consideration has not been paid and ownership has not been transferred. Separately, convertible promissory notes disclosed May 23, 2025 to Unit Meta AI Tech Limited and Gallant Witness Limited, each in the principal amount of US$37 million (total US$74 million), also remain not consummated as noteholders have not disbursed proceeds. The Company states it is negotiating logistics with vendors and noteholders and will provide further updates. The report is signed Aug 6, 2025 by Wenjin Li, Chairman and CEO.
- Transparent disclosure of the status of both the Bitcoin and convertible note transactions
- Counterparties and principal amounts disclosed: 500 BTC and 333 BTC agreements, and two notes of US$37M each (total US$74M)
- Bitcoin Transactions not consummated: consideration not paid and ownership not transferred for 500 BTC and 333 BTC
- Convertible promissory notes not funded: noteholders have not disbursed the US$37M proceeds for each note (total US$74M)
- Execution risk or timing delay implied by ongoing negotiations and logistics arrangements
Insights
TL;DR: Agreed purchases total 833 BTC and convertible notes total US$74M, but neither Bitcoin transfers nor note funding have closed.
The filings explicitly state that the Bitcoin Transactions (500 BTC and 333 BTC) and the CB Transactions (two convertible notes of US$37M each) remain unconsummated as of Aug 6, 2025. For investors, the immediate implication is that expected asset transfers and cash inflows have not occurred; the company is negotiating logistics and awaiting disbursement. This is a clear statement of status rather than of successful execution, so near-term liquidity and asset position remain unchanged by these items until consummation occurs.
TL;DR: Company provided a clear status update and named counterparties and dates, but transactions remain incomplete.
The Form 6-K/A discloses counterparties, dates, and principal amounts and transparently states that neither the Bitcoin purchases nor the convertible note financings have been completed. The signature by the CEO on Aug 6, 2025 provides formal attestation. The filing documents ongoing negotiations and a commitment to update the market, which is an appropriate governance response when material transactions are pending completion.