Ming Shing agrees to buy PMA Nano Carbon Tech for USD 110 million in convertible notes
PUBT · 1d ago
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- Ming Shing entered a deal to buy PMA Nano Carbon Tech for US$110 million, paid entirely with unsecured convertible promissory notes.
- The target owns PMA Nano Carbon Technology in Singapore, positioned as a commercialization platform for graphene-based thermal management technologies.
- The convertible promissory notes have no fixed maturity date; holders can convert at US$0.99 per share, subject to a 9.99% ownership cap.
- Closing is subject to Nasdaq approval; completion is expected within a month of signing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ming Shing Group Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605261605PRIMZONEFULLFEED9726748) on May 26, 2026, and is solely responsible for the information contained therein.
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