HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) — On November 21, 2024, Primega Group Holdings Restricted (Nasdaq: PGHL) (the Firm), was notified by Nasdaq Itemizing {Qualifications} Workers of the Nasdaq Inventory Market LLC (Nasdaq) that the Firm has not paid a sum of sure charges as required below Nasdaq Itemizing Rule 5900 Sequence (Delisting Discover). Nasdaq Itemizing Rule 5250(f) states that the Firm is required to pay all relevant charges as described within the Rule 5900 Sequence. Nasdaq notified the Firm that the failure to adjust to this requirement served as a foundation for delisting the Firm’s securities from the Nasdaq Capital Market. The notification from Nasdaq additional outlined that if the Firm doesn’t elect to attraction, the Firm will face delisting from the Nasdaq Capital Market and the Firm’s shares might be suspended on December 3, 2024.
The Firm has made a full and full reimbursement of the excellent charges on November 26, 2024. On November 27, 2024, the Firm acquired notification from Nasdaq that topic to sure disclosure obligations, which this press launch kinds part of, the matter concerning Excellent Charges is closed.
The Firm is now in compliance with Nasdaq Itemizing Rule 5250(f).
Buying and selling of the Firm’s shares is unaffected and continues as ordinary.
The Delisting Discover doesn’t affect the Firm’s enterprise operations or monetary place, and we stay targeted on sustaining enterprise progress. Neither the Firm nor any of its subsidiaries are topic to any additional disciplinary motion by Nasdaq.
PRIMEGA GROUP HOLDINGS LIMITED
About Primega Group Holdings Restricted
Primega Group Holdings Restricted is a supplier of transportation providers that employs environmentally pleasant practices with the goal of facilitating reuse of development and demolition supplies and discount of development waste. Via an working subsidiary in Hong Kong, the Firm operates within the development trade, primarily dealing with transportation of supplies excavated from development websites. The providers principally comprise of (i) soil and rock transportation providers; (ii) diesel oil buying and selling; and (iii) development works, which primarily embody excavation and lateral help works and bored piling. The Firm usually supplies its providers as a subcontractor to different development contractors in Hong Kong.
Ahead-Wanting Statements
Sure statements on this press launch are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are primarily based on the Firm’s present expectations and projections about future occasions that the Firm believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Buyers can discover many (however not all) of those statements by way of phrases comparable to approximates, believes, hopes, expects, anticipates, estimates, tasks, intends, plans, will, would, ought to, might, could or different related expressions on this press launch. The Firm undertakes no obligation to replace or revise publicly any forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can not guarantee you that such expectations will grow to be appropriate, and the Firm cautions traders that precise outcomes could differ materially from the anticipated outcomes and encourages traders to evaluate different components that will have an effect on its future ends in the Firm’s filings with the SEC.
For investor and media inquiries, please contact:
Supply: Primega Group Holdings Restricted
Enterprise
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