Fung & Tun Limited holds 1,312,500 Masonglory shares, equal to 37.5% of the class, under activist Investment intent. The position matters because 682,500 Class B shares carrying 50 votes each give the holder approximately 94.1% of aggregate voting power, while future increases, reductions or strategy changes remain possible.

Key Highlights

  • Fung & Tun holds 682,500 Class B Shares and 630,000 Class A Shares.
  • The filing describes the ownership calculation using post-consolidation shares and a later Class A Share issuance.
  • Fung & Tun says it may increase or reduce its Masonglory holdings or change its investment strategy.

Fung & Tun Limited holds 1,312,500 shares of Masonglory Ltd (NASDAQ: MSGY), representing 37.5% of the company’s issued and outstanding shares. The holding followed Masonglory’s share consolidation and class reclassification, while a later share issuance reduced Fung & Tun’s percentage and aggregate voting power.

Class B Shares Drive Control

Fung & Tun’s position consists of 682,500 Class B Shares and 630,000 Class A Shares. Class B Shares carry greater voting rights than Class A Shares on matters submitted to Masonglory shareholders. That structure gives Fung & Tun voting power over Masonglory’s aggregate Shareholder vote. Fung & Tun is controlled by Tse Shing Fung and Tse Tsz Tun, who hold 36% and 35%, respectively, of Fung & Tun’s Equity interests. Together, they retain full voting and investment control over the entity and its Masonglory shares. The remaining approximately 29% equity interest belongs to a third-party transferee with an economic interest but no control rights. Fung & Tun’s shareholder meetings and board remain controlled by Tse Shing Fung and Tse Tsz Tun.

Share Count Changed Through Transactions

The filing describes the ownership calculation using post-consolidation shares and a later issuance of 1,377,000 Class A Shares. The Class A issuance diluted Fung & Tun’s percentage ownership and aggregate voting power. Effective at the open of Business on 08/11/2026, Masonglory consolidated its ordinary shares and reclassified its Share Capital into Class A Shares and Class B Shares. Fung & Tun’s shares were consolidated and reclassified in the same manner and proportion as those of other shareholders. The Reporting Person said the actions did not involve an Acquisition or disposal of any pecuniary interest in Masonglory securities. The filing also describes earlier transactions. The Issuer’s controlling shareholders transferred the entire issued share capital to Fung & Tun for aggregate consideration of US$0.0002. Masonglory allotted 11,499,998 ordinary shares to Fung & Tun. Tse Shing Fung and Tse Tsz Tun transferred approximately 29% of Fung & Tun’s issued equity interests to a third-party transferee. Fung & Tun said its holding of 10,500,000 Masonglory ordinary shares before the share consolidation remained unchanged in connection with that transfer.

Future Investment Choices Remain Open

Fung & Tun said it will evaluate its Masonglory investment from time to time. Based on that evaluation, market conditions and other circumstances, it may increase or decrease its securities holdings or change its investment strategy. The holder may also consider matters involving Masonglory and its ordinary shares in the future, subject to applicable law and other restrictions. Those matters may include proposals or transactions covered by the categories identified in Schedule 13D.

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