Masonglory, a Hong Kong-based subcontractor providing wet trades and other services, raised $6 million by offering 1.5 million shares at $4, the low end of the range of $4 to $6.
Through its operating subsidiary, Masonglory operates as a subcontractor in Hong Kong, providing wet trades services, such as plastering and tile laying, as well as other ancillary services. Its major customers are primarily main contractors of property development and civil engineering projects.
Masonglory plans to list on the Nasdaq under the symbol MSGY. D. Boral Capital acted as sole bookrunner on the deal.
