Primega Group Holdings Ltd’s (NASDAQ:PGHL) Lock-Up Period Will Expire Tomorrow

Primega Group’s (NASDAQ:PGHL) lock-up period will expire on Monday, January 20th. Primega Group had issued 1,750,000 shares in its public offering on July 23rd. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Primega Group Stock Down 6.7 %

NASDAQ:PGHL opened at $1.11 on Friday. Primega Group has a fifty-two week low of $1.03 and a fifty-two week high of $107.36. The company’s 50 day moving average is $5.69.

Primega Group Company Profile

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.