Welcome to our dedicated page for Primega Group Holdings news (Ticker: PGHL), a resource for investors and traders seeking the latest updates and insights on Primega Group Holdings stock.
Primega Group Holdings Ltd (PGHL) delivers essential transportation and construction support within Hong Kong's dynamic infrastructure sector. This news hub provides investors and industry professionals with timely updates on operational developments, financial performance, and strategic initiatives.
Access comprehensive coverage of PGHL's core activities including soil and rock transportation logistics, diesel fuel supply operations, and specialized construction services. Our curated news collection enables stakeholders to monitor project milestones, regulatory compliance updates, and sustainability efforts related to material reuse practices.
The repository features press releases covering financial results, equipment acquisitions, partnership announcements, and operational expansions. Regular updates include details on bored piling projects, ELS works progress, and environmental management initiatives within the construction supply chain.
Bookmark this page for direct access to PGHL's official communications and third-party analyses. Check regularly for updates on the company's role in major infrastructure projects and its evolving approach to eco-efficient construction logistics.
Primega Group Holdings Limited (Nasdaq: PGHL) has announced a ticker symbol change from "PGHL" to "ZDAI", effective May 16, 2025. The company states this change better reflects its evolving identity and strategic vision. Primega is expanding its focus into several technological domains including hotel marketing software development, digitized supply chain platforms, AI and IoT integration, cloud computing, and intelligent engineering equipment.
Chairman Tan Yu emphasized that the new ticker symbol better aligns with their corporate objectives and future trajectory. The company has also noted a correction from a previous release which incorrectly stated the new symbol as "ZADI".
Primega Group Holdings (NASDAQ: PGHL) has received a notification from Nasdaq on March 12, 2025, regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain the required $1 per share minimum bid price between January 28 and March 11, 2025.
PGHL has been granted a 180-day compliance period until September 8, 2025 to regain compliance. If unsuccessful, the company may be eligible for an additional 180-day period, provided it meets other Nasdaq Capital Market listing requirements and demonstrates intention to cure the deficiency, potentially through a reverse stock split.
PGHL operates in Hong Kong's construction industry, providing soil and rock transportation services, diesel oil trading, and construction works including excavation and lateral support works. The company primarily serves as a subcontractor to other construction contractors in Hong Kong.
Primega Group Holdings (Nasdaq: PGHL) has successfully closed its initial public offering (IPO) and resale of ordinary shares. The company, which provides environmentally friendly transportation services for construction and demolition materials, offered 1,500,000 ordinary shares at $4.00 per share, raising gross proceeds of approximately $6,000,000. Additionally, a selling shareholder offered 250,000 shares at the same price, bringing the total gross proceeds to $7,000,000.
PGHL's shares began trading on the Nasdaq Capital Market on July 23, 2024. The company plans to use the net proceeds to expand its business by acquiring machinery and equipment, upgrading IT systems, and funding working capital. Bancroft Capital, acted as the sole lead underwriter for the offering.
FAQ
What is the current stock price of Primega Group Holdings (PGHL)?
What is the market cap of Primega Group Holdings (PGHL)?
