Fung & Tun Limited filed Amendment No. 3 to its Schedule 13D with the SEC on November 3, 2026, reporting beneficial ownership of Class A and Class B Ordinary Shares of Masonglory Ltd following a share consolidation, reclassification, and additional share issuances, with the triggering event dated October 28, 2026.

Key Highlights

  • Aggregate beneficial ownership: Fung & Tun Limited reported sole voting and dispositive power over 949,452 shares of Masonglory Ltd, representing 22.8% of the class.
  • Share composition: The 949,452 shares comprise 682,500 Class B Shares (50 votes each) and 266,952 Class A Shares (1 vote each), according to the filing.
  • Share consolidation: Effective August 11, 2026, the issuer consolidated every 8 ordinary shares of par value US$0.0001 into 1 share of par value US$0.0008, and reclassified shares into Class A and Class B categories.
  • Total shares outstanding: The percentage is based on 4,163,647 total issued and outstanding shares, comprising 3,481,147 Class A Shares and 682,500 Class B Shares, as stated in the filing.
  • Control structure: Mr. Tse Shing Fung (36% equity) and Mr. Tse Tsz Tun (35% equity) control Fung & Tun Limited; the remaining approximately 29% is held by a third-party transferee with only a pecuniary interest and no control rights.
  • Source of funds: The filing identifies the source of funds as "PF" (personal funds).
  • Trading symbol: The Class A Shares trade on NASDAQ:MSGY under CUSIP No. G6007A118.

Fung & Tun's Ownership Position in Masonglory After Consolidation and Reclassification

According to the filing, Fung & Tun Limited, a British Virgin Islands company, holds 949,452 shares of Masonglory Ltd in aggregate, broken down as 682,500 Class B Ordinary Shares and 266,952 Class A Ordinary Shares. The filing states that Class B Shares carry 50 votes each, while Class A Shares carry 1 vote each. The 22.8% figure is calculated against a total of 4,163,647 issued and outstanding shares of the issuer as described in the filing.

The filing details the history of the position. Fung & Tun Limited originally acquired shares through a sale and purchase agreement dated March 25, 2024, followed by an allotment of 11,499,998 Ordinary Shares on June 14, 2024. On January 8, 2026, it sold an aggregate of 1,000,000 Ordinary Shares to two individuals. Effective August 11, 2026, the Share Consolidation reduced the share count, and the Reclassification re-designated 682,500 shares as Class B and the remaining 630,000 as Class A. Additional Class A Shares were issued to other parties on August 12, 2026 (1,377,000 shares) and October 5, 2026 (667,000 shares) pursuant to separate agreements, affecting the total outstanding share count used in the percentage calculation.

On December 10, 2025, Mr. Tse Shing Fung and Mr. Tse Tsz Tun transferred approximately 29% of the equity interests in Fung & Tun Limited to a third-party transferee. The filing states that the transferee "holds only a pecuniary (economic) interest in Fung & Tun Limited and has no voting, investment, dispositive or other control rights," and that Messrs. Tse Shing Fung and Tse Tsz Tun "retain full voting and investment control." The identity of the transferee is not disclosed in the amendment. The filing states the purpose of the acquisitions is "for investment."

What Was Disclosed

Fung & Tun Limited filed Amendment No. 3 to Schedule 13D disclosing 949,452 shares (22.8%) of Masonglory Ltd following a share consolidation, a reclassification into Class A and Class B shares, and changes to ownership of Fung & Tun Limited itself, with a triggering event date of October 28, 2026.