Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Sep. 11, 12:03 AM
Slide #57. Ming Shing Group Holdings Limited — Meals Through Seasons Limited
| Acquirer: |
Ming Shing Group Holdings Limited (NASDAQ:PMA) |
| Acquiree: |
Meals Through Seasons Limited |
| Details: |
Ming Shing Group Holdings Limited (the "Company" or "Ming Shing") (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its business development. Ming Shing is pleased to announce that it has closed the acquisition of Meals Through Seasons Limited. As previously reported, on August 11, 2026, the Company entered into a stock purchase agreement (the "SPA") to acquire he entire issued share capital of Meals Through Seasons Limited, a business company incorporated under the laws of the British Virgin Islands (the "Target Company"), with Hongs Smart Limited and Yapjianhuei Smart Limited (each a "Seller" and, collectively, the "Sellers"), the Target Company and MTHK, for an aggregate consideration of US$510,000,000, payable in full in securities of the Company. The aggregate consideration of US$510,000,000 is payable in full in securities of the Company, and no cash is payable by the Company. It comprises (i) 150,000,000 Class A ordinary shares of the Company, par value US$0.0005 per share (the "Class A Ordinary Shares"), to be issued at closing at an agreed reference price of US$1.00 per share, representing an aggregate value of US$150,000,000 (the "Consideration Shares"), and (ii) unsecured convertible promissory notes in the aggregate original principal amount of US$360,000,000 (the "Notes"), to be issued at closing pursuant to a note purchase agreement to be entered into at closing (the "NPA"). The consideration (including both the Consideration Shares and the Notes) is allocated between the Sellers in proportion to their respective interests in the Target Company, being 70% for Hongs Smart Limited and 30% for Yapjianhuei Smart Limited. |
PowerShares Active U.S. Real Estate Fund is an open-end management investment company. The Fund seeks high total return through growth of capital and current income. The Fund structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. As of Oct 31 2011, the Fund's total assets were $17,623,617 and the Fund's investment portfolio was valued at $17,612,983.PSR
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