Chi Ming Lam reduced his Ming Shing Group Holdings Ltd stake to 7,824,865 Ordinary Shares, or 4.8%, after selling 270,000 Class A shares. The change matters because Lam ceased to beneficially own more than 5% of the outstanding Class A Ordinary Shares, making the amendment his final Schedule 13D update unless ownership rises again.

Key Highlights

  • Lam retains voting and Dividend rights over the pledged shares provided no enforcement event has occurred and Collateral value is not diminished.
  • Lam’s sales of Class A Ordinary Shares on September 9 and September 11, 2026 reduced his holdings below five percent of outstanding Class A Ordinary Shares.
  • The transactions involved 270,000 shares and followed expiration of a lock-up period six months after the initial public offering.
  • Class B Ordinary Shares are convertible into Class A Ordinary Shares and carry 100 votes each, compared with one vote for each Class A share.

The position remains classified under an activist Schedule 13D. Lam’s sales of Class A Ordinary Shares on September 9, 2026 and September 11, 2026 reduced his holdings below the five-percent threshold for the outstanding Class A Ordinary Shares. The reported ownership percentage treats the two classes as one group for calculation purposes.

Lam’s Remaining Position

Class B Ordinary Shares are convertible into Class A Ordinary Shares at the holder’s option. Each Class B Ordinary Share carries 100 votes, while each Class A Ordinary Share carries one vote. The classes otherwise have identical rights except for conversion and voting provisions. Lam is a non-independent director of Ming Shing Group Holdings Ltd. The stated purpose of the amendment was to report changes in beneficial ownership of Class A Ordinary Shares.

The transactions followed the expiration of a lock-up period that expired six months after the initial public offering made under a registration statement. Lam retains voting and dividend rights in the pledged shares as long as no enforcement event has occurred and those actions do not diminish the collateral’s value.

Ownership Falls Below Threshold

Lam said he expects to assess Ming Shing Group Holdings Ltd’s financial condition, prospects and his interests in the Business and its securities on an ongoing basis. Lam reserved the ability to increase or reduce his holdings in open-market transactions, privately negotiated deals or other transactions. The amendment states that he has no present plans or proposals concerning the specified actions described in the Schedule 13D, while reserving the right to adopt such plans in the future subject to regulatory requirements.