Research analysts covering Ming Shing Group Holdings.
Recent press releases and 8-K filings for MSW.
Ming Shing Director Secures Loan with Significant Share Pledge
MSW
Debt Issuance
Change of Control
- Chi Ming Lam, a non-independent director of Ming Shing Group Holdings Ltd., executed a secured promissory note for a US$1.6 million loan from Relaxandrinks Limited on October 30, 2025.
- The loan is secured by a pledge of 5,400,000 ordinary shares of Ming Shing Group Holdings Ltd., which represent approximately 41.62% of the company's voting power.
- The note accrues interest at a rate of 12% per annum and has a maturity date of the earlier of six months from October 30, 2025, or an accelerated maturity date.
- Relaxandrinks Limited holds a Special Enforcement Right to acquire the pledged shares in lieu of cash repayment, which could result in Mr. Lam ceasing to be a majority shareholder and potentially lead to a change of control of Ming Shing Group Holdings Ltd..
Oct 31, 2025, 10:03 AM
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