Notification That Annual Report Will Be Submitted Late (nt 10-k)
January 31 2017 - 12:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) [X] Form 10-K [_] Form 20-F
[_] Form 11-K [ ] Form 10-Q [_] Form N-SAR
For Period Ended:
October 31, 2016
[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on Form N-SAR
For the Transition Period Ended: ________________________
Read Instruction (on back page) Before Preparing Form. Please
Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Prime Global Capital Group Incorporated
Full Name of Registrant:
Former Name if Applicable
E-5-2, Megan Avenue 1, Block E, Jalan Tun Razak
Address of Principal Executive Office (Street and Number)
50400 Kuala Lumpur, Malaysia
City, State, Zip Code
PART II - RULES 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if
appropriate)
XX
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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XX
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-QSB, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K,
20-F, 11-K, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period.
The Registrant is unable to file the subject report in a timely
manner because the Registrant was not able to timely complete its financial statements without unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification:
Weng Kung Wong
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+ 603 2162 0773
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(Name)
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(Area Code)
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(Telephone No.)
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(2) Have all other periodic reports required under section 13
or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months
or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [_] No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included
in the subject report or portion thereof? [X] Yes [_] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The registrant’s Consolidated Statements of Operations
are expected to reflect net revenues of approximately $1,646,727 for the fiscal year ended October 31, 2016, compared with net
revenues of $1,919,743 for the same period ended October 31, 2015. The decrease in net revenues is expected to be primarily attributable
to the decrease in real estate revenues and a decrease in oilseeds revenues generated by the registrant. The registrant expects
to have a net loss of approximately $911,522 for the twelve-month period ended October 31, 2016, as compared to a loss of $1,593,434
for the same period ended October 31, 2015.
Prime Global Capital Group Incorporated
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: 1/31/2017
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By:
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/s/ Weng Kung Wong
Title Chief Executive Officer, Interim Chief Financial Officer
and Interim Secretary
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