Primega Group Holdings Limited ( (PGHL) ) has provided an announcement.
On March 12, 2025, Primega Group Holdings Limited received a notification from Nasdaq indicating that the company no longer meets the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rules. Although this has no immediate effect on the company’s listing, Primega has until September 8, 2025, to regain compliance, with the possibility of an additional 180-day extension if certain conditions are met. The company is exploring options to address this issue, but there is no assurance of compliance, which could lead to delisting if not resolved.
More about Primega Group Holdings Limited
Primega Group Holdings Limited operates in the construction industry in Hong Kong, focusing on environmentally friendly transportation services that facilitate the reuse of construction and demolition materials. The company provides services such as soil and rock transportation, diesel oil trading, and construction works, primarily as a subcontractor for other construction contractors.
YTD Price Performance: -57.19%
Average Trading Volume: 704,672
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $15.63M
Learn more about PGHL stock on TipRanks’ Stock Analysis page.