Primega Group Holdings (PGHL) filed a registration statement Tuesday that contains the preliminary prospectus for the sale of about 2.2 million of its common shares by certain selling shareholders.
The company said the selling shareholders may offer or sell all or a portion of the shares covered by the preliminary prospectus though no underwriter or any third party has been engaged to facilitate such transaction.
Primega Group said it will not receive any proceeds from the offering by the selling shareholders.
Shares of Primega Group were down nearly 10% in recent trading.
Price: 13.49, Change: -1.45, Percent Change: -9.71
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