Masonglory Limited (Nasdaq: MSGY), a Hong Kong subcontractor providing wet trades and ancillary services, announced a private placement of 667,000 Class A ordinary shares to four investors at US$1.50 each. The transaction is expected to generate gross proceeds of US$1,000,500 before expenses. Each investor will also receive, at no additional cost, Series A and Series B warrants exercisable for up to 166,750 shares each, at exercise prices of US$1.30 and US$1.10, respectively. The warrants will be exercisable upon issuance and expire two years later. Masonglory intends to use the net proceeds to continue acquiring equity in Austria-based Beta Beteiligungs und Besitz GmbH, which distributes construction materials in Continental Europe. The company previously agreed to acquire a 20% stake, while terms for any additional interest remain under negotiation.