STOCK TITAN

Ming Shing (Nasdaq: PMA) faces deadline to fix listing

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ming Shing Group Holdings Limited reported that Nasdaq has notified the company it no longer satisfies Nasdaq Listing Rule 5550(b), which requires either US$2.5 million in stockholders’ equity or US$35 million market value of listed securities. Based on Ming Shing’s Form 20-F, it reported net loss of US$5,763,745 and total comprehensive loss of US$5,730,751 for the fiscal years ended March 31, 2026 and 2025, respectively.

Ming Shing has 45 calendar days, until October 1, 2026, to submit a compliance plan to Nasdaq, which may grant up to a 180-day extension from August 17, 2026 if the plan is accepted. The notice has no immediate effect on the listing of the company’s shares on The Nasdaq Capital Market, and Ming Shing states it intends to submit a plan and is evaluating alternatives to regain compliance.

Positive

  • None.

Negative

  • Ming Shing is non-compliant with Nasdaq Listing Rule 5550(b), lacking the required US$2.5 million stockholders’ equity or US$35 million market value, and recently reported net loss of US$5,763,745.
Net loss US$5,763,745 For the fiscal year ended March 31, 2026, as cited by Nasdaq
Total comprehensive loss US$5,730,751 For the fiscal year ended March 31, 2025, as cited by Nasdaq
Stockholders’ equity requirement US$2.5 million Minimum stockholders’ equity alternative under Nasdaq Listing Rule 5550(b)
Market value requirement US$35 million Alternative market value of listed securities threshold under Nasdaq Listing Rule 5550(b)
Plan submission period 45 calendar days Time from August 17, 2026 until October 1, 2026 to submit compliance plan
Maximum extension period 180 calendar days Maximum extension from August 17, 2026 if Nasdaq accepts the compliance plan
Nasdaq Listing Rule 5550(b) regulatory
"the Company no longer complies with any 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.
stockholders’ equity financial
"does not meet the alternatives of 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.
market value of listed securities financial
"or US$35 million market value of listed securities"
The market value of listed securities is the total worth of stocks, bonds and other tradable instruments quoted on an exchange, measured using the prices investors are willing to pay right now. It’s calculated by multiplying each security’s current market price by the number of units outstanding and adding those amounts together, like totaling the value of every item in a store at today’s prices. Investors watch this because it shows the size, liquidity and overall health of the market or a company’s publicly traded portion, and it influences index weights, fund allocations and perceived risk.
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.
forward-looking statements regulatory
"Certain statements in this announcement are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

Why did Ming Shing Group Holdings Limited (PMA) receive a Nasdaq deficiency notice?

Ming Shing received the notice because it no longer meets Nasdaq Listing Rule 5550(b), which requires US$2.5 million stockholders’ equity or US$35 million market value of listed securities. Its recent Form 20-F shows continuing net and comprehensive losses.

What losses did Ming Shing Group Holdings Limited (PMA) report that relate to the Nasdaq notice?

The company reported a net loss of US$5,763,745 and a total comprehensive loss of US$5,730,751 for the fiscal years ended March 31, 2026 and 2025, respectively, as referenced by Nasdaq in assessing its continued listing compliance.

What are the key Nasdaq listing requirements Ming Shing Group Holdings Limited (PMA) failed to meet?

Ming Shing did not meet either of the alternatives under Nasdaq Listing Rule 5550(b): maintaining at least US$2.5 million in stockholders’ equity or at least US$35 million market value of listed securities, leading to the deficiency notice.

How long does Ming Shing Group Holdings Limited (PMA) have to regain Nasdaq compliance?

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

Does the Nasdaq notice immediately affect trading of Ming Shing Group Holdings Limited (PMA) shares?

The company states the notification has no immediate effect on the listing of its shares on The Nasdaq Capital Market. Trading can continue while Ming Shing prepares and submits its compliance plan to address the listing deficiency.

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

Ming Shing states it intends to submit a compliance plan within the 45-day period and is evaluating various alternatives to regain compliance with Nasdaq’s applicable listing requirements under Rule 5550(b).

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-42418

 

 

 

Ming Shing Group Holdings Limited

(Registrant’s Name)

 

Office Unit B8, 27/F

NCB Innovation Centre

No. 888 Lai Chi Kok Road

Kowloon, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

When used in this Form 6-K, unless otherwise indicated, the terms “the Company,” “Ming Shing,” “we,” “us” and “our” refer to Ming Shing Group Holdings Limited and its subsidiaries.

 

Nasdaq Notification Regarding Minimum Stockholders’ Equity Requirement

 

On August 17, 2026, the Company received a letter from the Listing Qualification Department of the Nasdaq Stock Market LLC (“Nasdaq”) 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.

 

On August 18, 2026, the Company issued a press release announcing its receipt of the letter from Nasdaq, a copy of which is furnished as Exhibit 99.1 hereto.

 

Exhibits.

 

Exhibit No.   Description
99.1   Press release dated August 18, 2026 issued by the Company

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Ming Shing Group Holdings Limited
     
Date: August 18, 2026 By: /s/ Zhijun Pan
  Name: Zhijun Pan
  Title: Chairman of the Board and Chief Executive Officer

 

3

 

 

Exhibit 99.1

 

 

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

 

Hong Kong, August 18, 2026 – 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

 

 

 

Filing Exhibits & Attachments

2 documents