Ming Shing Group Holdings Limited Announces Closing of the Acquisition of Meals Through Seasons Limited and Issuance of Consideration Shares and Unsecured Convertible Promissory Notes

Ming Shing Group Holdings Limited (NASDAQ: PMA) has closed its acquisition of Meals Through Seasons Limited for US$510 million in an all-stock deal, comprising 150 million Class A ordinary shares valued at US$150 million and US$360 million in unsecured convertible promissory notes. The notes are convertible into shares at US$1.00 per share, subject to performance thresholds based on consolidated net profit after tax targets.