Primega Group Holdings, which provides transportation services to the construction industry in Hong Kong, raised $7 million by offering 1.8 million shares (14% secondary) at $4, the low end of the range of $4 to $6.
Operating through its subsidiary Primega Construction, the company provides transportation services to the Hong Kong construction industry. Its primary services include soil and rock transportation, diesel oil trading, and construction works, which mainly include ELS works and bored piling. Primega generally provides its services as a subcontractor.
Primega Group Holdings plans to list on the Nasdaq under the symbol PGHL. Bancroft Capital acted as sole bookrunner on the deal.
