Primega Group Holdings Ltd

Company Overview

Proposed SymbolPGHL
Company NamePrimega Group Holdings Ltd
ExchangeNASDAQ_Capital
Share Price$4.00-6.00
Employees25 (as of 03/06/2024)
Statusfiled
Shares Offered1750000
Offer amount$10,500,000
Shares Over Alloted--
Company AddressROOM 2912, 29/F., NEW TECH PLAZA 34 TAI YAU STREET SAN PO KONG, KOWLOON 0000
Company Phone852-3997-3682
Company Website
CEOChun Kit Hui
State of Inc--
Fiscal Year End3/31
Total Offering Expense$2,100,000.00
Shareholder Shares Offered1750000
Shares Outstanding24,000,000
Lockup Period (days)180
Lockup Expiration--
Quiet Period Expiration--
CIK0001966678
DealId1288643-109349

Company Description

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction.

As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites. Primega Construction principally provides the following services in Hong Kong (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly includes ELS works and bored piling. We generally provide our services as a subcontractor to other construction contractors in Hong Kong.

We generate the majority of our income from soil and rock transportation services provided by Primega Construction, which contributed 73.82%, 88.47% and 66.48% of our total revenue during the years ended March 31, 2022 and 2023 and the six months ended September 30, 2023, respectively. Primega Construction works with recyclers and other private contractors to repurpose and recycle excavated materials, reducing the volume of construction waste ending up in landfills, while lowering waste disposal fees incurred by its customers.

Our principal executive office is located at Room 2912, 29/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong. Our telephone number is (+852) 3997 3682. Our registered office in the Cayman Islands is located at the office of Appleby Global Services (Cayman) Limited, 71 Fort Street, PO Box 500, George Town, Grand Cayman, KY1–1106, Cayman Islands.

Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168. We maintain a website at www.primegagroup.com.

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