Ming Shing Group Closes Acquisition of Meals Through Seasons

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Ming Shing Group Closes Acquisition of Meals Through Seasons

Hong Kong, September 2, 2026 - Ming Shing Group Holdings Limited (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works, has successfully closed its acquisition of Meals Through Seasons Limited for an aggregate consideration of US$510,000,000 payable entirely in securities.

The transaction, originally announced on August 11, 2026, involves no cash payment. The total consideration comprises 150,000,000 Class A ordinary shares issued at a reference price of US$1.00 per share, and unsecured convertible promissory notes in the aggregate original principal amount of US$360,000,000.

Transaction Details

  • Target Company: Meals Through Seasons Limited, incorporated in the British Virgin Islands.
  • Consideration Shares: 150,000,000 Class A ordinary shares valued at US$150,000,000.
  • Convertible Notes: Unsecured convertible promissory notes totaling US$360,000,000 divided into three equal annual performance tranches.
  • Sellers: Hongs Smart Limited (70%) and Yapjianhuei Smart Limited (30%).

About Ming Shing Group Holdings Ltd

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. With a mission to become the leading wet trades works services provider in Hong Kong and the United States, the Company strives to provide quality services that comply with its customers’ quality standards, requirements, and specifications. The Company conducts its 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. For more information, please visit the Company’s website: https://ir.ms100.com.hk.

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