Primega Group Holdings Limited Addresses Nasdaq Delisting Notice and Confirms Fee Payment Compliance
Primega Group Holdings Limited Addresses Nasdaq Delisting Notice and Confirms Fee Payment Compliance
The Company made a full repayment of the outstanding fees on November 26, 2024.Primega Group Holdings Limited resolved a fee issue with Nasdaq, ensuring continued trading and compliance with listing rules.
Primega Group Holdings Limited解决了与纳斯达克的费用问题，确保了持续交易和遵守上市规则。
Quiver AI Summary
Quiver AI 摘要
Primega Group Holdings Limited has received a delisting notice from Nasdaq due to unpaid fees required under Nasdaq Listing Rule 5900 Series. The notification indicated that failure to address this issue would result in delisting, with shares set to be suspended on December 3, 2024. However, Primega made a complete repayment of the outstanding fees on November 26, 2024, and subsequently received confirmation from Nasdaq on November 27 that the matter is resolved, restoring compliance with the listing rules. Trading of the Company's shares continues without interruption, and the situation does not affect its business operations or financial position. Primega Group specializes in environmentally friendly transportation services in the construction industry in Hong Kong.
由于纳斯达克上市规则5900系列要求的未缴费用，Primega集团控股有限公司已收到纳斯达克的除名通知。通知显示，未能解决此问题将导致退市，股票定于2024年12月3日停牌。但是，Primega于2024年11月26日全额偿还了未缴费用，随后于11月27日收到纳斯达克的确认，此事已得到解决，恢复了对上市规则的遵守。公司股票的交易不间断地继续进行，这种情况不影响其业务运营或财务状况。Primega集团专门为香港建筑业提供环保运输服务。
Potential Positives
潜在的积极因素
- The Company has resolved the outstanding fees issue with Nasdaq by making a full repayment, ensuring compliance with Nasdaq Listing Rule 5250(f).
- The notification from Nasdaq stating that the matter is now closed demonstrates that the Company can continue trading without any further delisting risk.
- The Company confirmed that its business operations and financial position remain unaffected by the delisting notice, allowing it to focus on growth.
- There are no further disciplinary actions imposed on the Company by Nasdaq, indicating a clean slate moving forward.
- 该公司通过全额还款解决了与纳斯达克的未缴费用问题，确保遵守纳斯达克上市规则5250（f）。
- 纳斯达克通知说，此事现已结案，这表明该公司可以在没有任何进一步退市风险的情况下继续交易。
- 该公司证实，其业务运营和财务状况不受退市通知的影响，因此可以专注于增长。
- 纳斯达克没有对该公司采取进一步的纪律处分，这表明前进的道路一片光明。
Potential Negatives
潜在的负面因素
- Nasdaq's notification regarding the failure to pay required fees raises concerns about the Company's financial management and operational oversight.
- The risk of delisting and potential suspension of trading, even if resolved, could negatively impact investor confidence and market perception of the Company.
- The incident reflects negatively on the Company's compliance efforts and governance practices, which may influence future investor relations.
- 纳斯达克关于未能支付所需费用的通知引起了人们对公司财务管理和运营监督的担忧。
- 退市和可能暂停交易的风险即使得到解决，也可能对投资者的信心和市场对公司的看法产生负面影响。
- 该事件对公司的合规工作和治理做法产生了负面影响，这可能会影响未来的投资者关系。
FAQ
常见问题
What triggered the delisting notice for Primega Group Holdings?
是什么触发了Primega集团控股公司的除名通知？
The delisting notice was triggered by the Company's failure to pay certain fees required under Nasdaq Listing Rule 5900 Series.
除名通知是由该公司未能支付纳斯达克上市规则5900系列所要求的某些费用而触发的。
When did Primega Group Holdings resolve the outstanding fees?
Primega Group Holdings何时解决了未付费用？
The Company made a full repayment of the outstanding fees on November 26, 2024.
该公司于2024年11月26日全额偿还了未缴费用。
Will Primega Group Holdings face any further disciplinary action from Nasdaq?
Primega集团控股公司会面临纳斯达克的进一步纪律处分吗？
No, neither the Company nor its subsidiaries are subject to any further disciplinary action by Nasdaq.
不，公司及其子公司均不受纳斯达克的任何进一步纪律处分。
How does the delisting notice affect Primega's trading status?
除名通知如何影响Primega的交易状态？
The delisting notice does not impact the trading of the Company's shares, which continues as usual.
除名通知不影响公司股票的交易，该交易照常进行。
What services does Primega Group Holdings provide?
Primega Group Holdings提供哪些服务？
Primega provides transportation services in the construction industry, focusing on soil and rock transportation and diesel oil trading.
Primega在建筑行业提供运输服务，专注于土壤和岩石运输以及柴油贸易。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由人工智能生成的 GlobeNewswire 发布的新闻稿摘要。用于总结此版本的模型可能会出错。在此处查看完整版本。
Full Release
完整版本
HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) -- On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (the "
Company
"), was notified by Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("
Nasdaq
") that the Company has not paid a sum of certain fees as required under Nasdaq Listing Rule 5900 Series ("
Delisting Notice
"). Nasdaq Listing Rule 5250(f) states that "the Company is required to pay all applicable fees as described in the Rule 5900 Series." Nasdaq notified the Company that the failure to comply with this requirement served as a basis for delisting the Company's securities from the Nasdaq Capital Market. The notification from Nasdaq further outlined that if the Company does not elect to appeal, the Company will face delisting from the Nasdaq Capital Market and the Company's shares will be suspended on December 3, 2024.
香港，2024年11月30日（环球新闻专线）——2024年11月21日，Primega Group Holdings Limited（纳斯达克股票代码：PGHL）（”
公司
“），由纳斯达克股票市场有限责任公司的纳斯达克上市资格工作人员通知（”
纳斯达
“) 公司没有按照《纳斯达克上市规则》5900系列的要求支付一定费用（”
退市通知
“）。《纳斯达克上市规则》第5250（f）条规定，“公司必须按照规则5900系列的规定支付所有适用费用。”纳斯达克通知公司，未能遵守这一要求是将公司的证券从纳斯达克资本市场退市的依据。纳斯达克的通知进一步概述，如果公司不选择上诉，公司将面临从纳斯达克资本市场退市，该公司的股票将于2024年12月3日停牌。
The Company has made a full and complete repayment of the outstanding fees on November 26, 2024. On November 27, 2024, the Company received notification from Nasdaq that subject to certain disclosure obligations, which this press release forms a part of, the matter regarding Outstanding Fees is closed.
该公司已于2024年11月26日全额偿还了未缴费用。2024年11月27日，公司收到纳斯达克的通知，在遵守某些披露义务的前提下，有关未付费用的事项已经结案，本新闻稿是其中的一部分。
The Company is now in compliance with Nasdaq Listing Rule 5250(f).
该公司现在遵守纳斯达克上市规则5250（f）。
Trading of the Company's shares is unaffected and continues as usual.
公司股票的交易不受影响，照常进行。
The Delisting Notice does not impact 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.
除名通知不影响公司的业务运营或财务状况，我们仍然专注于维持业务增长。公司及其任何子公司均不受纳斯达克的任何进一步纪律处分。
PRIMEGA GROUP HOLDINGS LIMITED
PRIMEGA 集团控股有限公司
About Primega Group Holdings Limited
关于Primega集团控股有限公司
Primega Group Holdings Limited is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of construction and demolition materials and reduction of construction waste. Through an operating subsidiary in Hong Kong, the Company operates in the construction industry, mainly handling transportation of materials excavated from construction sites. The services principally comprise of (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly include excavation and lateral support works and bored piling. The Company generally provides its services as a subcontractor to other construction contractors in Hong Kong.
Primega Group Holdings Limited是一家运输服务提供商，采用环保措施，旨在促进建筑和拆除材料的再利用，减少建筑废物。该公司通过香港的一家运营子公司经营建筑业，主要处理从建筑工地挖掘的材料的运输。这些服务主要包括 (i) 土壤和岩石运输服务；(ii) 柴油贸易；(iii) 建筑工程，主要包括挖掘和横向支撑工程以及钻孔打桩。该公司通常以分包商的身份向香港其他建筑承包商提供服务。
Forward-Looking Statements
前瞻性陈述
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 find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC.
本新闻稿中的某些陈述是前瞻性陈述。这些前瞻性陈述涉及已知和未知的风险和不确定性，基于公司当前对未来事件的预期和预测，公司认为这些预期和预测可能会影响其财务状况、经营业绩、业务战略和财务需求。投资者可以通过在本新闻稿中使用 “近似值”、“相信”、“希望”、“预期”、“预期”、“估计”、“项目”、“打算”、“计划”、“将”、“将”、“应该”、“可能”、“可能” 等词语或其他类似表述来找到其中的许多（但不是全部）陈述。除非法律要求，否则公司没有义务公开更新或修改任何前瞻性陈述以反映随后发生的事件或情况或预期的变化。尽管公司认为这些前瞻性陈述中表达的预期是合理的，但它无法向您保证此类预期是正确的。公司提醒投资者，实际业绩可能与预期业绩存在重大差异，并鼓励投资者在公司向美国证券交易委员会提交的文件中审查可能影响其未来业绩的其他因素。
For investor and media inquiries, please contact:
投资者和媒体垂询，请联系：
Company Info
Primega Group Holdings Limited
Man Siu Ming, Director and Chairman of the Board
msm@primegagroup.com
+852 3997 3682
公司信息
Primega 集团控股有限公司
文兆明，董事兼董事会主席
msm@primegagroup.com
+852 3997 3682
Investor Relationship
HBK Strategy Limited
Katy Chan, Director
ir@hbkstrategy.com
+852 2498 3681
投资者关系
HbK 策略有限公司
陈凯琪，董事
ir@hbkstrategy.com
+852 2498 3681
