Ming Shing Group Holdings Limited said it received a delisting warning from Nasdaq after failing to meet the exchange’s minimum stockholders’ equity requirement.
The Hong Kong-based wet trades contractor, which operates through subsidiaries MS (HK) Engineering and MS Engineering Co., provides plastering, tiling, bricklaying and related construction services. Its subsidiary PMA Nano Carbon Technology Pte. Ltd. also engages in graphene thermal management technology development.
Nasdaq Listing Rule 5550(b) mandates listed companies maintain either $2.5 million in stockholders’ equity or a $35 million market value of listed securities. Ming Shing reported net losses of $5.76 million for the fiscal year ended March 31, 2026, and $5.73 million in the prior year, leaving its equity below the required threshold.
The company received the warning on Sunday, with the 180-day compliance period beginning August 17, 2026. Ming Shing must submit a compliance plan to Nasdaq by October 1, 2026, to avoid delisting. The notification does not immediately affect the trading status of its shares on the Nasdaq Capital Market.
