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. The Company has received written notification (the "Nasdaq Notice") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the "Listing Rules"). On February 26, 2025, the Company received a letter from Nasdaq notifying the Company that it has not regained compliance with Listing Rule 5550(a)(2). Accordingly, its

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. Overview:  ●Revenue increased by approximately 26.9% from approximately HK$6.1 million for the six months ended June 30, 2023 to approximately HK$7.7 million (US$1.0 million) for the six months ended June 30, 2024    ●Net income decreased by approximately 13.6% from approximately HK$0.7 million for the six months ended June 30, 2023 to approximately HK$0.6 million

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 Ma

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. The notification has no immediate effect on the listing of the Company's ordinary shares. Nasdaq has provided the Company with an 180 calendar day

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. The dividend will be paid out on November 22, 2023 to the shareholders whose names are on the record at the close of business on October 16, 2023. The ex-dividend date is October 13, 2023. "The Group's decision to distribute a special interim dividend to its shareholders reflects the Group's commitment to creating value for its shareholders and its confidence in its financial health. We will regularly review our

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 repu

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. "Our Group is an active financial services provider in Hong Kong which principally engages in the provision of corporate finance advisory services and underwriting services. With the launch of our new line of business in corporate services, we aim to not only better serve the evolving needs of our existing clients,

Hong Kong, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ:MEGL) (the "Company" or "Magic Empire"), a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services, today announced the closing of its initial public offering (the "Offering") of 5,000,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the Offering were $20 million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on The Nasdaq Capital Market on August 5, 2022 under the ticker symbol "MEGL." The Offering was conduct