AcquisitionsMay 26, 2026, 04:06 PM
Ming Shing Acquires PMA Nano Carbon Tech for $110M
AI Summary
Ming Shing Group Holdings Limited announced the acquisition of PMA Nano Carbon Tech Limited for an aggregate consideration of US$110,000,000. The payment will be made through the issuance of unsecured convertible promissory notes to the sellers. This acquisition will enable Ming Shing to expand into graphene-based thermal management technologies, with potential applications in AI, new energy vehicles, healthcare, and smart devices. The closing of the transaction is subject to certain conditions, including Nasdaq approval, and is expected within a month.
Key Highlights
- Ming Shing Group acquired PMA Nano Carbon Tech Limited for $110,000,000.
- Consideration will be settled by issuing unsecured convertible promissory notes.
- Notes issued to PMA Technology Holdings ($66M), Legend Master Development ($24.2M), F.F.Formation Holding ($19.8M).
- Notes are convertible into ordinary shares at $0.99 per share.
- PMA Nano Carbon Tech holds PMA Singapore, focusing on graphene-based thermal management technologies.
- PMA Singapore intends to serve as an international commercialization platform for graphene technologies.
- Acquisition is subject to Nasdaq approval and expected to close within one month.
Price Impact
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