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集團控股有限公司解決了與納斯達克的費用問題，確保了持續交易和遵守上市規則。
Quiver AI Summary
Quiver AI 概要
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.
Primega集團控股有限公司因未支付納斯達克上市規則5900系列所需的費用而收到納斯達克的退市通知。通知指出，未能解決此問題將導致退市，公司的股票將在2024年12月3日暫停交易。然而，Primega在2024年11月26日全額償還了未付費用，隨後在11月27日收到了納斯達克的確認，表明此事已解決，恢復了對上市規則的合規。公司的股票交易持續進行，不受影響，情況也未對其業務運營或財務狀況產生影響。Primega集團專注於香港施工行業的環保運輸服務。
Potential Positives
潛在的積極因素
- 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.
- 公司通過全額償還解決了與納斯達克的未付款項問題，確保遵守納斯達克上市規則5250(f)。
- 納斯達克的通知聲明此事已結束，表明公司可以繼續交易而無需擔心進一步退市風險。
- 公司確認，其業務運營和財務狀況不受退市通知的影響，允許其專注於增長。
- 納斯達克沒有對公司實施進一步的紀律處分，表明未來有一個清白的記錄。
Potential Negatives
潛在負面影響
- 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.
- 納斯達克關於未支付所需費用的通知引發了對公司財務管理和運營監督的擔憂。
- 即使解決了除牌風險和潛在的交易暫停，仍可能對投資者信心和市場對公司的看法產生負面影響。
- 這一事件對公司的合規努力和治理實踐產生了負面影響，可能會影響未來的投資者關係。
FAQ
FAQ
What triggered the delisting notice for Primega Group Holdings?
是什麼原因觸發了Primega集團控股的除牌通知？
The delisting notice was triggered by the Company's failure to pay certain fees required under Nasdaq Listing Rule 5900 Series.
除牌通知是由於公司未支付納斯達克上市規則5900系列下要求支付的某些費用所觸發的。
When did Primega Group Holdings resolve the outstanding fees?
Primega集團控股何時解決了未付款項？
The Company made a full repayment of the outstanding fees on November 26, 2024.
公司於2024年11月26日全額償還了應付款項。
Will Primega Group Holdings face any further disciplinary action from Nasdaq?
Primega集團控股是否會遭受納斯達克進一步的紀律處分？
No, neither the Company nor its subsidiaries are subject to any further disciplinary action by Nasdaq.
不，公司及其子公司不受納斯達克的任何進一步紀律處分。
How does the delisting notice affect Primega's trading status?
除牌通知如何影響Primega的交易狀態？
The delisting notice does not impact the trading of the Company's shares, which continues as usual.
除牌通知不影響公司股票的交易，交易照常進行。
What services does Primega Group Holdings provide?
Primega集團控股提供哪些服務？
Primega provides transportation services in the construction industry, focusing on soil and rock transportation and diesel oil trading.
Primega在施工行業提供運輸服務，專注於土壤和岩石運輸以及柴油交易。
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.
免責聲明：這是由GlobeNewswire分發的新聞稿的人工智能生成摘要。用於總結這份稿件的模型可能會出錯。請在這裏查看完整發布。
Full Release
全面發佈
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.
HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) -- On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (the "
公司
"), was notified by Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("
納斯達克
") that the Company has not paid a sum of certain fees as required under Nasdaq Listing Rule 5900 Series ("
除牌通知
"). 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.
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.
該公司於2024年11月26日全額償還了未付費用。2024年11月27日，公司收到納斯達克的通知，根據某些披露義務，本新聞稿屬於其中一部分，有關未付費用的事宜已經結案。
The Company is now in compliance with Nasdaq Listing Rule 5250(f).
該公司現已符合納斯達克上市規則5250(f)的要求。
Trading of the Company's shares is unaffected and continues as usual.
該公司的股票交易不受影響，繼續如常進行。
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.
除牌通知不會影響公司業務運營或財務狀況，我們仍專注於保持業務增長。公司及其任何子公司均不會受到納斯達克的任何進一步紀律行動的制約。
PRIMEGA GROUP HOLDINGS LIMITED
普利米加集團控股有限公司
About Primega Group Holdings Limited
關於普利米加集團控股有限公司
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.
普利米加集團控股有限公司是一家提供運輸服務的公司，致力於採用環保實踐，旨在促進建築和拆遷材料的再利用，減少建築廢料。通過在香港設立的運營子公司，公司主要在施工行業開展業務，主要處理來自建築工地的材料運輸。其服務主要包括（i）土壤和岩石運輸服務；（ii）柴油貿易；和（iii）施工工程，主要包括挖土和側向支撐工程以及灌注樁工程。公司通常作爲香港其他施工承包商的分包商提供服務。
Forward-Looking Statements
前瞻性聲明
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.
本新聞稿中的某些聲明屬於前瞻性聲明。這些前瞻性聲明涉及已知和未知的風險和不確定因素，並基於公司對可能影響其財務狀況、業務策略和財務需求的未來事件的當前預期和投影。投資者可以通過在本新聞稿中使用"大致"、"認爲"、"希望"、"預計"、"期待"、"估計"、"規劃"、"打算"、"計劃"、"將"、"會"、"應該"、"可能"或其他類似表達找到許多（但並非所有）這些聲明。公司無需公開更新或修訂任何前瞻性聲明以反映隨後發生的事件或情況，或其預期的變化，除非法律要求。儘管公司認爲這些前瞻性聲明中表達的預期是合理的，但無法保證這些預期將被證明正確，公司提醒投資者實際結果可能與預期結果有實質差異，並鼓勵投資者審閱可能影響公司未來結果的其他因素，這些因素在公司提交給美國證券交易委員會的文件中說明。
For investor and media inquiries, please contact:
投資者和媒體諮詢，請聯繫：
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集團控股有限公司
董事局主席-文紹明
msm@primegagroup.com
+852 3997 3682
Investor Relationship
HBK Strategy Limited
Katy Chan, Director
ir@hbkstrategy.com
+852 2498 3681
投資者關係
HBk 策略有限公司
董事-陳凱蒂
ir@hbkstrategy.com
+852 2498 3681
