Business
Masonglory Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
Hong Kong, July 24, 2025 (GLOBE NEWSWIRE) -- Masonglory Limited (the “Company” or “MSGY”), a Hong Kong based subcontractor providing wet trades and related ancillary services to private and public sectors, today announced that it closed the sale of an additional 225,000 ordinary shares of the Company, pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Off
About this update from Masonglory Limited
[{"type":"image","alt":"Masonglory Limited","displaySize":"","headline":null,"caption":"Masonglory Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":87,"height":83,"url":"https://media.zenfs.com/en/globenewswire.com/1e5ac2245b4be26f8ddb18568dd66a83"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gMQQm.flMuuGbdoylgGm0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEwNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1e5ac2245b4be26f8ddb18568dd66a83","width":87,"height":83}},"lazy":false},{"type":"text","content":"Hong Kong, July 24, 2025 (GLOBE NEWSWIRE) -- Masonglory Limited (the “Company” or “MSGY”), a Hong Kong based subcontractor providing wet trades and related ancillary services to private and public sectors, today announced that it closed the sale of an additional 225,000 ordinary shares of the Company, pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $900,000 in addition to the previously announced IPO gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses.","length":774,"tagName":"p"},{"type":"text","content":"The Offering was conducted on a firm commitment basis. D. Boral Capital LLC (the “Underwriter”) acted as the sole underwriter for the Offering. CFN Lawyers LLC acted as U.S. counsel to the Company, and Loeb & Loeb LLP acted as U.S. counsel to the Underwriter, in connection with the Offering.","length":296,"tagName":"p"},{"type":"text","content":"A registration statement on Form F-1 (File No. 333-283046) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on June 30, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from D. Boral Capital LLC by standard mail to D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at [email protected] or by telephone at +1 (212) 970-5150. In addition, a copy of the final prospectus can also be obtained via ...