Ming Shing director Form 3 shows 8.4M shares
Ming Shing Group Holdings Ltd director Lam Chi Ming has filed an initial ownership report on Form 3.
Rhea-AI Filing Summary
Ming Shing Group Holdings Ltd director Lam Chi Ming has filed an initial ownership report on Form 3. The filing shows he directly holds 8,414,865 Ordinary Shares. A footnote explains that 5,400,000 of these shares are pledged as collateral for a $1.6 million loan under a Secured Promissory Note and Stock Pledge Agreement dated October 30, 2025. The pledge could lead to a change of control if the lender enforces rights over the pledged shares following a default. Lam Chi Ming retains voting and dividend rights on the pledged shares as long as no enforcement event occurs and his actions do not reduce the collateral’s value.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. The Reporting Person pledged a total of 5,400,000 Ordinary Shares as collateral for a US$1.6 million loan pursuant to a Secured Promissory Note and Stock Pledge Agreement executed on October 30, 2025, which matures on the earlier of six months from the note date or upon specified acceleration events, and may result in a change of control of the Issuer if the noteholder exercises enforcement rights over the pledged shares upon default or through special enforcement rights. The Reporting Person retains voting and dividend rights in respect of the pledged shares provided no event of enforcement has occurred and such actions do not diminish the collaterals value.
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What does Lam Chi Ming’s Form 3 filing show for Ming Shing Group (MSW)?
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