MASTERBEEF GROUP Announces Closing of Partial Exercise of Over-Allotment Option in its Initial Public Offering

Provided By GlobeNewswire

Last update: May 16, 2025

Hong Kong, May 16, 2025 (GLOBE NEWSWIRE) -- MasterBeef Group (the “Company”), a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue, today announced today that it has issued an additional 155,000 ordinary shares (the "Ordinary Shares") at a price of US$4.00 per share for gross proceeds of approximately $620,000, before deducting underwriter discounts and other related expenses, pursuant to the partial exercise of the underwriter's over-allotment option in connection with the Company's previously announced initial public offering (the “Offering”). The option closing date was May 16, 2025. The ordinary shares began trading on the Nasdaq Capital Market on April 10, 2025 under the ticker symbol “MB.”