Fung & Tun Limited Reveals 94.1% Voting Control Following Reverse Split and Share Swap
MSGY sits 21% above its 52-week low of $1.831.
Summary
Fung & Tun Limited now controls 94.1% of Masonglory's voting power through super-voting Class B shares after the reverse split and share swap, while holding only 37.5% of total shares.
Key Events · Ownership and Investor Activity · MSGY
-
94.1% Voting Control Disclosed
Fung & Tun Limited holds 682,500 Class B shares (50 votes each) and 630,000 Class A shares, giving it approximately 94.1% of aggregate voting power despite owning only 37.5% of total shares.
-
Post-Consolidation Share Count
Total issued and outstanding shares are 3,496,625, comprising 2,119,625 shares after the 1-for-8 reverse split plus 1,377,000 Class A shares issued August 12, 2026 for the Beta Beteiligungs acquisition.
-
Third-Party Transferee Holds 29% Economic Interest
On December 10, 2025, the Tse brothers transferred approximately 29% of Fung & Tun Limited's equity to a third party with only pecuniary interest and no voting or control rights, leaving the Tse brothers with 71% and full control.
-
Dilution from Share Swap
The issuance of 1,377,000 Class A shares on August 12, 2026 for the 20% stake in Beta Beteiligungs und Besitz GmbH diluted Fung & Tun Limited's ownership percentage from its pre-swap level.
Analysis · MSGY · Real Estate & Construction
This 13D/A reveals that Fung & Tun Limited, controlled by the Tse brothers, now holds approximately 94.1% of Masonglory's aggregate voting power through 682,500 Class B shares carrying 50 votes each, despite owning only 37.5% of total shares. The filing quantifies the full effect of the August 11 reverse split and dual-class reclassification, plus the August 12 share swap that issued 1,377,000 Class A shares for the Beta Beteiligungs acquisition. The concentration of voting control in a single entity is a material governance fact for minority shareholders, especially given the company's recent going concern warning and material internal control weaknesses disclosed in its July 30 20-F.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. 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 $2.21 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4.8M. The 52-week trading range was $1.83 to $177.60. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.