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Masonglory Limited Announces Entry into Share Swap Agreement to Acquire a 20% Equity Interest in Beta Beteiligungs und Besitz GmbH
['Globenewswire', 'Europe']
FinanzNachrichten.de: News
HONG KONG, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Masonglory Limited (the "Company") (Nasdaq: MSGY), a subcontractor providing wet trades services and other ancillary services in Hong Kong, today announced that on August 12, 2026, the Company entered into a share swap agreement (the "Share Swap Agreement") with the holder of a 49% equity interest in Beta Beteiligungs und Besitz GmbH, a private limited liability company organized under the laws of the Republic of Austria (the "Target"), and the beneficial owner of such holder, pursuant to which such holder agreed to transfer 20% of the equity interests in the Target to a wholly-owned subsidiary of the Company, and, as consideration therefor, the Company agreed to allot and issue to such beneficial owner an aggregate of 1,377,000 Class A…