Magic Empire Global Limited (MEGL)

Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) is pleased to announce that the bid price deficiency concern raised by Nasdaq has been successfully resolved.

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.

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.

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.

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.

Despite the opacity of China's economy, small-cap Chinese stocks continue to attract attention, according to Stocktwits, a social platform for investors and traders.

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.

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.

Vittoria Limited plans to raise $15 million in an IPO of its ordinary shares, although the final figure may differ. The company provides corporate-oriented financial services in Hong Kong and China. Similar to Magic Empire Global Limited, I have concerns about potentially extreme stock price volatility.

Shares of Chinese small cap MMTec Inc. MTC, -15.03% rose 9% in premarket trades Monday. The stock ended Friday's session down 15%, outpacing the S&P 500 index's SPX, -0.14% decline of 0.1%.

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%.

Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to data from Stocktwits, a social platform for investors and traders.

Use these lessons to help make money with penny stocks The post Top Lessons to Know When Trading Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Use these tips to outperform the market The post Penny Stocks Trading Strategies, Tips for Outperforming  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that were underpinned by strong demand from retail investors.

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.