Workflow
Primega Group Holdings Limited(PGHL)
icon
Search documents
Primega Group Holdings Limited Announces Ticker Symbol Change to ZDAI
GlobeNewswire· 2025-05-15 03:27
Company Overview - Primega Group Holdings Limited is changing its ticker symbol from "PGHL" to "ZDAI" on the Nasdaq Stock Market, effective May 16, 2025, reflecting its evolving identity and strategic vision [1][3] - The company is based in the Cayman Islands and operates through its Hong Kong subsidiary, Primega Construction Engineering Co. Limited, focusing on environmentally friendly transportation services and minimizing construction waste [5] Strategic Focus - Primega Group Holdings Limited is venturing into technological advancements, including hotel marketing software development, digitized supply chain platforms, AI and IoT integration, cloud computing, and intelligent engineering equipment [2] - The new ticker symbol "ZDAI" symbolizes the company's commitment to innovation, growth, and excellence [1][3] Leadership Statement - Tan Yu, Chairman of Primega Group Holdings Limited, expressed excitement about the new ticker symbol, indicating it aligns with the company's corporate objectives and future trajectory, marking an important milestone for growth and success [3]
Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
GlobeNewswire· 2025-03-14 10:18
Company Overview - Primega Group Holdings Limited is a provider of transportation services focused on environmentally friendly practices aimed at facilitating the reuse of construction and demolition materials and reducing construction waste [5] - The company operates in the construction industry in Hong Kong, primarily handling the transportation of materials excavated from construction sites [5] - Services offered include soil and rock transportation, diesel oil trading, and construction works such as excavation and lateral support works and bored piling [5] Listing Compliance Update - On March 12, 2025, the company received a notification from Nasdaq indicating it no longer meets the minimum bid price requirement of $1 per share for continued listing [1] - The company has been granted a 180-day compliance period until September 8, 2025, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days, provided it meets other listing standards and intends to cure the deficiency, potentially through a reverse stock split [2][3] Future Compliance Efforts - The company is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's continued listing requirements [3] - There is no assurance that the company will successfully regain compliance with the listing rules [3]