Hong Kong, July 09, 2025 – Masonglory Limited (the “Company”), a Hong Kong-based subcontractor specializing in wet trades and related support services for both private and public sectors, today announced the successful completion of its initial public offering (the “Offering”). The Offering involved 1,500,000 ordinary shares (the “Ordinary Shares”), priced at $4.00 per share, generating total gross proceeds of $6,000,000 before accounting for underwriting discounts and other offering expenses. The Offering officially closed on July 9, 2025, and trading of the Ordinary Shares began on the Nasdaq Capital Market on July 8, 2025, under the ticker symbol “MSGY”.
The Company has granted the underwriter an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 225,000 Ordinary Shares at the public offering price, minus underwriting discounts, intended to cover any over-allotment.
The net proceeds from the Offering are designated for several purposes: (i) approximately 15% for expanding its workforce; (ii) approximately 15% for acquiring additional machinery; (iii) approximately 15% for diversifying its project portfolio; (iv) approximately 15% for enhancing its marketing efforts; and (v) approximately 40% for funding working capital and other general corporate requirements.
The Offering was conducted on a firm commitment basis, with D. Boral Capital LLC acting as the sole underwriter. CFN Lawyers LLC served as U.S. counsel to the Company, and Loeb & Loeb LLP acted as U.S. counsel to the Underwriter, in connection with the Offering.
An amended registration statement on Form F-1 (File No. 333-283046) pertaining to the Offering 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 was made exclusively by means of a prospectus, which forms a part of the registration statement. Copies of the prospectus related to the Offering may be obtained, when available, from D. Boral Capital LLC via standard mail at D. Boral Capital LLC, 590 Madison Avenue, 39th Floor New York, NY 10022, or by email at or by telephone at +1 (212) 970-5150. Additionally, copies of the final prospectus relating to the Offering, once available, can also be accessed through the SEC’s website at .
Prospective investors should review the prospectus and other documents the Company has filed or will file with the SEC for comprehensive information about the Company and the Offering before making an investment. This press release is provided strictly for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About Masonglory Limited
Established in Hong Kong in 2018, Masonglory Limited functions as a subcontractor, delivering wet trades services and other supporting services to property developers and the Hong Kong government. Since 2020, the Company has been registered as a specialist trade contractor (plastering-group 2), providing clients with complete wet trades work solutions. These primarily include: (i) plastering for floors, ceilings, and walls; (ii) tile laying for internal and external walls and floors; (iii) bricklaying; (iv) floor screeding; and (v) marble works. For more information, please visit: ;
Forward-Looking Statement
This press release incorporates forward-looking statements. Forward-looking statements encompass declarations concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as statements that are not purely historical facts. The Company is making forward-looking statements when it employs words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not pertain exclusively to historical matters. These forward-looking statements specifically include, but are not limited to, the Company’s statements regarding the anticipated trading of its Ordinary Shares on the Nasdaq Capital Market and the successful closing of the Offering. It is crucial to understand that forward-looking statements do not guarantee future performance and are subject to risks and uncertainties that could cause actual outcomes to differ materially from the Company’s expectations expressed therein. These statements are susceptible to uncertainties and risks including, though not limited to, those related to market conditions and the completion of the initial public offering on the expected terms or at all, along with other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are advised against placing undue reliance upon any forward-looking statements in this press release. Additional factors are detailed in the Company’s filings with the SEC, which are available for review at . The Company assumes no obligation to publicly update these forward-looking statements to reflect events or circumstances that emerge after the date of this document.
For more information, please contact:
Investor Relations
WFS Investor Relations Inc.
Janice Wang
+1 628 283 9214