tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ming Shing Group Issues $74 Million Convertible Notes for Corporate Growth

Story Highlights

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Ming Shing Group Holdings Limited ( (MSW) ).

On May 23, 2025, Ming Shing Group Holdings Limited issued convertible promissory notes totaling US$74 million to two independent third parties, Unit Meta AI Tech Limited and Gallant Witness Limited. The notes, which are exempt from registration under the Securities Act of 1933, have a maturity date of 60 months and an interest rate of 6% per annum. The company plans to use the proceeds for working capital and general corporate purposes, which may enhance its operational capabilities and financial flexibility.

More about Ming Shing Group Holdings Limited

Ming Shing Group Holdings Limited is a company incorporated under the laws of the Cayman Islands, with its principal executive offices located in Hong Kong. The company operates in the financial sector, focusing on investment and financial services.

Average Trading Volume: 121,172

See more insights into MSW stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1