Magic Empire Global Ltd

Magic Empire Global Ltd. engages in the provision of corporate finance advisory and underwriting services. It offers sponsorship, financial advisory, compliance advisory and underwriting services. The company was founded by Wai Ho Chan on May 5, 2016 and is headquartered Hong Kong.

Magic Empire Global Ltd. engages in the provision of corporate finance advisory and underwriting services. It offers sponsorship, financial advisory, compliance advisory, and underwriting and corporate services. The company was founded by Wai Ho Chan and Sze Hon Chen on May 10, 2016 and is headquartered Hong Kong.

HONG KONG, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (“MEGL” or the “Company”) (NASDAQ: MEGL), a financial services provider in Hong Kong which principally engages in the provision of corporate finance advisory services, today announced its unaudited financial results for the six months ended June 30, 2024.

Magic Empire Global Limited Announces First Half 2024 Unaudited Financial Results

Hong Kong, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) has announced that on August 27, 2024, the Company received a letter from Nasdaq, notifying the Company that Nasdaq has determined the Company is eligible for an additional 180 calendar day period, or until February 24, 2025, to regain compliance with the minimum bid price of $1 per share requirement pursuant to the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2). This is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement, and the Company's written notice to Nasdaq dated August 19, 2024, noting of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If compliance cannot be demonstrated by February 24, 2025, Nasdaq will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal the determination to a hearing panel.

Magic Empire Global Limited Announces Receipt of Nasdaq Notification of additional 180 calendar day period to regain compliance of minimum bid price requirement

Hong Kong, March 01, 2024 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) announced that, on February 28, 2024, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from January 16, 2024 to February 27, 2024, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

Magic Empire Global Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Hong Kong, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) has declared a special interim dividend of USD0.01 per ordinary share. The payout is the Company's way of rewarding its shareholders for their support over the years.

Magic Empire Global Limited Announces Special Interim Dividend of US$0.01 per Ordinary Share

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Hong Kong, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) announced that its board of directors has authorized a share repurchase plan under which the Company may repurchase up to US$2 million of its shares over the next 12 months. The share repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company expects to fund repurchases made under this plan from its existing funds. The timing and amount of the share repurchases made pursuant to the program will be decided by the Company based on its evaluation of market conditions and be subject to various factors, including the Company's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regulatory requirements and general market conditions. This repurchase authorization does not obligate the Company to acquire any specific number of shares or securities and may be modified, suspended or discontinued at any time. MEGL's board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size.

Magic Empire Global Limited Announces US$2 Million Share Repurchase Plan

Hong Kong, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) announced that it will launch its corporate services line of business. The corporate services include accounting and financial reporting advisory, company secretarial services, internal control enhancement, investor relations advisory and other consulting services.

Magic Empire Global Limited Announces Launch of Corporate Services

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Shares of meme stock Magic Empire Global Ltd. MEGL fell 6.5% in premarket trades Tuesday, pulling back after ending Monday's session up 27%.

Meme stock Magic Empire down 6.5%

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Shares of Hong Kong-based Magic Global Empire (NASDAQ: MEGL ) stock are up by more than 400%, although it isn't exactly clear why. The company operates in the financial industry and provides corporate finance and underwriting services.

5 Investors Betting on Magic Empire (MEGL) Stock

Magic Empire Global (NASDAQ: MEGL ), the mysterious Hong Kong financial company that was pumped to over $250/share after its initial public offering (IPO) last year. Then MEGL stock fell just as quickly and jumped again overnight.

MEGL Stock Alert: Why Is Magic Empire Global Up 500% Today?

One of the more impressive short squeeze plays of last year, Magic Empire Global (NASDAQ: MEGL ) remains on the watch list for plenty of investors. Today's upside move of more than 40% in MEGL stock provides investors looking for momentum-driven moves with another reason to watch it a little closer.

Magic Empire (MEGL) Stock Gains 40% Ahead of Lockup Expiry

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Hong Kong-based meme stocks, including Magic Empire (NASDAQ: MEGL ) stock and AMTD Digital (NYSE: HKD ) stock, have been trending in recent days on social media amid massive rallies in their shares. About Magic Empire and AMTD Digital Magic Empire is an investment bank whose shares are surging 19% today.

Dear MEGL Stock Fans, Mark Your Calendars for Jan. 31

Magic Empire Global (NASDAQ: MEGL ) stock is rocketing higher on Thursday despite a lack of news from the Hong Kong financial services provider. Instead, it looks like speculation from traders is behind today's rally.

Why Is Magic Empire Global (MEGL) Stock Up 83% Today?

In early August, Magic Empire Global (NASDAQ: MEGL ) received a lot of attention, and MEGL stock shot up quickly. However, this is most likely due to a Reddit-fueled short squeeze.

Why There's Absolutely No Magic Left in MEGL Stock

The stock continued its volatile trading.

Why Shares of Magic Empire Global Limited Crashed This Week

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Source: Spyro the Dragon / Shutterstock Magic Empire (NASDAQ: MEGL ) stock is rising higher on Monday as the return of meme stocks rallies the financial services company's shares. Magic Empire is a recent addition to the market with an initial public offering ( IPO ) that saw shares take off.

News for Magic Empire Global Ltd Stock (MEGL)