HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) — On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (the Company), was notified by the Nasdaq Listing Qualifications Staff of Nasdaq Stock Market LLC (Nasdaq) that the Company has not paid certain fees as required under Nasdaq Listing Rule 5900 Series (Deletion of Information). Nasdaq Listing Rule 5250(f) states that the Company must pay all fees specified in Rule 5900 Series. Nasdaq has notified the Company that failure to comply is grounds for delisting the Company’s securities from the Nasdaq Capital Market. The notice from Nasdaq also stated that if the Company does not decide to appeal, the Company will be removed from the Nasdaq Capital Market and the Company’s shares will be suspended on December 3, 2024.
The Company has repaid the balance due on November 26, 2024. On November 27, 2024, the Company received information from Nasdaq regarding certain disclosures, which this press release is part of. Payments Closed.
The Company is now in compliance with Nasdaq Listing Rule 5250(f).
Trading of the Company’s shares is unaffected and continues as usual.
The Public Delisting Notice does not affect our business performance or financial condition, and we are focused on growing our business. Neither the company nor its affiliates will be subject to further sanctions by Nasdaq.
Opinions of the company PRIMEGA GROUP Holdings Limited
Opinions of the company Primega Group Holdings Limited
Primega Group Holdings Limited is a transportation service provider that uses environmentally friendly methods with the goal of facilitating the reuse of construction and demolition materials and reducing construction waste. Through a subsidiary in Hong Kong, the Company engages in the construction industry, primarily in the transportation of excavated materials to construction sites. The works include (i) earthworks and stone works; (ii) diesel fuel sales; and (iii) construction work, which mainly includes excavation and ancillary works and wet development. The company often offers its services as a subcontractor to other construction contractors in Hong Kong.
Forward-Looking Comments
Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s expectations and expectations regarding future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Marketers can find many (but not all) of these words by using words such as estimate, believe, hopes, hopes, expect, estimate, projects, plans, plans, would, would, could or similar words. in this article. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect events or conditions, or to change such forward-looking statements, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will be correct, and the Company cautions investors that actual results may differ from those anticipated and encourages investors to take precautions. review other factors that may affect future results in the Company’s filings with the SEC.
For investor and media inquiries, please contact:
Company Information
Opinions of the company Primega Group Holdings Limited
Man Siu Ming, Director and Chairman of the Board
msm@primegagroup.com
+ 852 3997 3682
Investor Relations
Concept of the company HBK Strategy Limited
Katy Chan, Director
ir@hbkstrategy.com
+ 852 2498 3681
Source: Primega Group Holdings Limited
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