HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) — On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (the Company), was reported by the Nasdaq listing ratings staff of Nasdaq Stock Market LLC (Nasdaq) that the Company has not paid an amount of certain fees as required by Series 5900 of the Nasdaq Listing Rule (Exclusion notice). Nasdaq Listing Rule 5250(f) provides that the Company must pay all applicable fees as described in the 5900 Series of Rules. Nasdaq notified the Company that failure to comply with this requirement served as the basis for delisting the securities. Nasdaq capital market company. The Nasdaq notice further highlighted that if the Company does not choose to appeal, it will face delisting from the Nasdaq Capital Market and the Company’s shares will be suspended on December 3, 2024.
The Company made full and complete payment of the outstanding fees on November 26, 2024. On November 27, 2024, the Company received notice from Nasdaq that subject to certain disclosure obligations, of which this press release is a part , the related matter Pending fees are closed.
The Company is now in compliance with Nasdaq Listing Rule 5250(f).
Trading in the Company’s shares is not affected and continues as usual.
The Delisting Notice does not affect the Company’s business operations or financial position, and we remain focused on maintaining business growth. Neither the Company nor any of its subsidiaries are subject to any further disciplinary action by Nasdaq.
PRIMEGA GROUP HOLDINGS LIMITED
About Primega Group Holdings Limited
Primega Group Holdings Limited is a transportation services provider that employs environmentally friendly practices with the goal of facilitating the reuse of construction and demolition materials and the reduction of construction waste. Through an operating subsidiary in Hong Kong, the Company operates in the construction industry, primarily handling the transportation of materials excavated from construction sites. The services mainly include (i) soil and rock transportation services; (ii) commercialization of diesel; and (iii) construction works, which mainly include excavation and lateral support works and bored piles. The Company generally provides its services as a subcontractor to other construction contractors in Hong Kong.
Forward-looking statements
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 current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can encounter many (but not all) of these statements by the use of words such as approximate, believe, expect, hope, anticipate, estimate, project, intend, plan, will, should, could, may or other similar expressions. in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC.
For investor and media inquiries, please contact:
Company information
Primega Group Holdings Limited
Man Siu Ming, director and chairman of the board of directors
msm@primegagroup.com
+852 3997 3682
Investor relations
Limited HBK Strategy
Katy Chan, director
ir@hbkstrategy.com
+852 2498 3681
Source: Primega Group Holdings Limited