Fung & Tun Ltd has filed an amendment to its Schedule 13D, revealing an update on its shareholding in Masonglory Ltd. The filing indicates that Fung & Tun now holds approximately 22.8% of Masonglory's total issued shares, which includes both Class A and Class B shares. This ownership stake is significant as it provides Fung & Tun with substantial voting power, especially through its Class B shares, which carry fifty votes each.

This update is crucial for Fung & Tun as it reflects its ongoing investment strategy and commitment to Masonglory, a company categorized under construction special trade contractors. The filing, dated November 3, 2026, details that Fung & Tun's shareholding comprises 682,500 Class B shares and 266,952 Class A shares, representing about 91.5% of Masonglory's aggregate voting power.

Background

Fung & Tun Ltd is a company incorporated in the British Virgin Islands, primarily engaged in investment holding. Its recent filings indicate an active interest in Masonglory Ltd, a construction special trade contractor based in Kowloon, Hong Kong. The company has been involved in various transactions related to its shareholding in Masonglory, including a significant share consolidation that took place earlier this year.

What the Filing Says

The latest filing states, "Fung & Tun Limited holds 682,500 Class B Shares and 266,952 Class A Shares, being an aggregate of 949,452 shares of the Issuer, representing approximately 22.8% of the Issuer's total issued and outstanding shares and approximately 91.5% of the Issuer's aggregate voting power." This demonstrates Fung & Tun's strategic positioning within Masonglory, especially after recent share consolidations that adjusted the voting structure.

Impact

This update may significantly affect Fung & Tun's influence over Masonglory's strategic decisions, given their substantial voting power. The filing also suggests that Fung & Tun's controlling shareholders, Mr. Tse Shing Fung and Mr. Tse Tsz Tun, retain full control over the company, which could impact governance and operational decisions at Masonglory.

What's Next

The filing does not say what happens next regarding Fung & Tun's investment strategy or any potential changes in its shareholding in Masonglory. However, it indicates that the company will continue to evaluate its investment in the issuer over time.