AcquisitionsJun 9, 2026, 04:31 PM
Ming Shing Closes $110M Acquisition of PMA Nano Carbon Tech
AI Summary
Ming Shing Group Holdings Limited announced the successful closing of its acquisition of PMA Nano Carbon Tech Limited. The transaction, which was initially agreed upon on May 26, 2026, was finalized on June 9, 2026. The total consideration for the acquisition amounted to US$110,000,000, settled through the issuance of unsecured convertible promissory notes to the sellers.
Key Highlights
- Acquisition of PMA Nano Carbon Tech Limited closed on June 9, 2026.
- Total acquisition consideration was US$110,000,000.
- Consideration settled by issuing unsecured convertible promissory notes.
- Stock purchase agreement was initially entered into on May 26, 2026.
Price Impact
More from MSW