Controlling Holder Fung & Tun Sells 182,000 Class A Shares, Voting Power Slips to 93.6%
Summary
Masonglory's controlling shareholder Fung & Tun sold 182,000 Class A shares on October 25-28, cutting its economic stake to 32.3% while keeping 93.6% of voting power through super-voting Class B shares.
Key Events · Ownership and Investor Activity · MSGY
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Controlling Holder Trims Class A Stake
Fung & Tun Limited sold 182,000 Class A shares from October 25 through October 28, 2026, part of the 630,000 shares it noticed on a Form 144 filed October 2, 2026.
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Ownership Now 32.3% of Shares, 93.6% of Votes
After the sales Fung & Tun holds 682,500 Class B and 448,000 Class A shares, or 1,130,500 shares total — about 32.3% of the 3,496,625 shares outstanding and about 93.6% of aggregate voting power.
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Control Unchanged Despite Selling
Each Class B share carries 50 votes, so the Tse family retains full voting and investment control of Masonglory even as its economic interest declines.
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Remaining Sale Overhang
About 448,000 of the 630,000 noticed Class A shares remain unsold, keeping supply pressure on the stock.
Analysis · MSGY · Real Estate & Construction
Fung & Tun Limited, the Tse family vehicle that controls Masonglory, has begun working through the 630,000-share sale it noticed on October 2. Between October 25 and October 28 it sold 182,000 Class A shares, leaving it with 1,130,500 shares — 32.3% of the total share count but still 93.6% of voting power thanks to 682,500 super-voting Class B shares. The economic stake is being trimmed while control stays intact, so the float grows and the overhang from the remaining noticed shares is still live. Against a backdrop of a going-concern warning in the July 30 annual report and a $200 million shelf filed October 23, insider selling reads more as a caution flag than as routine housekeeping.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSGY was trading at $3.96 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $16.9M. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.