MING SHING GR.HL.LTD O.N.

Ming Shing Group Holdings has completed the purchase of the entire issued share capital of PMA Nano Carbon Tech for a total consideration of USD 110 million. Payment was made by issuing three unsecured convertible bonds to the sellers. The transaction, previously announced on 26 May 2026, is based on a share purchase agreement; PMA Nano Carbon Tech is a company incorporated under the laws of the British Virgin Islands. » Altro su de.investing.com

Han Yan has resigned as director and CEO of Ming Shing; Dongjie Lao resigned from several independent director and committee positions. The board appointed Zhijun Pan as interim CEO with immediate effect and has begun the search for a permanent successor. Tianhang Zhao was named chair of the compensation committee. The company is facing financial headwinds: stock down 65% over the past year, share price $1.49, market capitalization $19.3 million, weak gross margins and a current ratio of 0.72. » Altro su de.investing.com

Ming Shing Group Holdings confirmed the immediate resignation of Weijin Li as chairman, CEO and director for personal reasons. The board appointed Han Yan as the new CEO and Zhijun Pan as the new chairman; Pan brings more than 17 years of leadership experience and will receive a monthly remuneration of US$1,280 for his role. The company also reaffirmed the signing of a share purchase agreement for the proposed acquisition of PMA Nano Carbon Tech Limited, noting that completion is subject to conditions and is not guaranteed. » Altro su de.investing.com