Welcome to our dedicated page for Global Engine Group Holding news (Ticker: GLE), a resource for investors and traders seeking the latest updates and insights on Global Engine Group Holding stock.
Global Engine Group Holding Limited (Nasdaq: GLE) is a Hong Kong-headquartered integrated solutions provider in information communication technologies. Through its subsidiaries in Hong Kong, the company reports activities in ICT solution services, cloud and data center managed services, technical services, and project management services for customers such as telecom operators, ICT service providers, data center and cloud computing services providers, and IoT solutions providers.
This news page aggregates coverage of Global Engine Group Holding Limited’s public announcements and market disclosures. Readers can find updates on topics the company has highlighted in press releases, such as developments in its cloud platform deployment, IT system design and configuration work, maintenance and data center colocation services, and cloud services. News items may also describe its technical development, support and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and IoT projects.
In addition, the news feed includes company communications regarding corporate and capital markets events. These have included the pricing and closing of its initial public offering on the Nasdaq Capital Market, the closing of an underwriter’s over-allotment option, and shareholder approvals related to a dual-class share structure. The company has also issued news about investments, such as its acquisition of a minority stake in a Hong Kong data center operator, and about financial results that distinguish between cloud and data center managed services and telecommunications, consultancy and related services.
Regulatory and listing-related updates, such as notices from Nasdaq concerning minimum bid price requirements, are also reflected in the company’s news releases. Investors and observers can use this page to review Global Engine Group Holding Limited’s historical announcements on ICT services, financial performance, corporate governance actions, and listing status as reported in its public communications.
Global Engine Group Holding (NASDAQ: GLE) received a Nasdaq notice dated October 27, 2025, informing the company it does not meet the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
The company has a 180-calendar-day compliance period ending April 27, 2026 to regain compliance by maintaining a closing bid of at least $1.00 for 10 consecutive business days. The notice does not affect current listing status and the Shares will continue trading under GLE. The company is evaluating options, including a reverse stock split, but stated there is no assurance of regaining compliance.
Global Engine Group Holding (GLE) announced the results of its Extraordinary General Meeting held on March 27, 2025, in Hong Kong. Shareholders approved significant changes to the company's share structure, including:
- Re-designation of 18,300,000 existing ordinary shares into Class A ordinary shares with 1 vote per share
- Re-classification of remaining authorized but unissued shares into 581,700,000 Class A shares and 200,000,000 Class B ordinary shares with 20 votes per share
- Approval of new memorandum and articles of association reflecting the dual-class structure
- Repurchase of 4,640,000 Class A shares from Valuable Fortune in exchange for equal Class B shares
The company plans to implement these changes on March 31, 2025, with re-classified Class A shares expected to begin trading on Nasdaq around April 7, 2025.
Global Engine Group Holding (GLE) has acquired a 22.5% stake in Corpotech Holdings for $2.25 million. The acquisition includes indirect ownership in a 9,627 sq.ft data center in Tsing Yi, Hong Kong, through Corpotech's subsidiary.
The Hong Kong data center market is projected to generate colocation revenue of $732.5 million in 2024, growing to $1.37 billion by 2029 at a CAGR of 13.36%. According to Mordor Intelligence, the market's total capacity is expected to expand from 0.95 thousand MW in 2024 to 1.78 thousand MW by 2029.
The investment aims to capitalize on growing opportunities in cloud computing, e-commerce, IoT, and logistics, particularly driven by increasing connections between Hong Kong and the Greater Bay Area.
Global Engine Group (GLE) reported financial results for fiscal year 2024, showing a 10.7% revenue increase to HKD49.5 million (US$6.3 million). The growth was primarily driven by cloud and data center managed services in Malaysia and Taiwan, which saw a 75.5% increase. However, telecommunications services revenue declined 61.9%. Gross profit decreased slightly by 0.8% to HKD7.3 million, with margin declining to 14.8%. Net income decreased 2.6% to HKD2.6 million. The company recently completed its IPO, raising total gross proceeds of US$9.2 million including the full exercise of the over-allotment option.
Global Engine Group Holding (GLE), a Hong Kong-based integrated solutions provider in information communication technologies (ICT), has announced the closing of its underwriter's over-allotment option in connection with its initial public offering (IPO). The company sold an additional 300,000 ordinary shares at the IPO price of $4 per share, raising gross proceeds of $1,200,000. This is in addition to the previously announced IPO gross proceeds of $8,000,000.
The total gross proceeds from the offering, including the over-allotment, amount to $9,200,000 before deducting underwriting discounts and offering expenses. R.F. Lafferty & Co., Inc. acted as the sole underwriter for the offering, which was conducted on a firm commitment basis. The company's registration statement on Form F-1 was declared effective by the SEC on September 16, 2024.
Global Engine Group Holding (GLE), an integrated ICT solutions provider based in Hong Kong, has successfully closed its initial public offering on September 23, 2024. The company raised $8 million by offering 2,000,000 ordinary shares at $4.00 per share. Trading of GLE shares began on the Nasdaq Capital Market on September 20, 2024, under the ticker symbol 'GLE'.
The underwriters have a 45-day option to purchase up to 300,000 additional shares to cover overallotments. R.F. Lafferty & Co., Inc. acted as the sole underwriter for the firm commitment offering. GLE plans to use the proceeds equally (25% each) for brand promotion and marketing, recruitment, strategic investments and acquisitions, and general working capital.
Global Engine Group Holding (GLE), an integrated ICT solutions provider based in Hong Kong, has announced the pricing of its initial public offering. The company is offering 2,000,000 ordinary shares at $4.00 per share, aiming to raise $8,000,000 in gross proceeds. GLE's shares are set to begin trading on the Nasdaq Capital Market on September 20, 2024, under the ticker symbol 'GLE'.
The underwriters have a 45-day option to purchase up to 300,000 additional shares to cover over-allotments. R.F. Lafferty & Co., Inc. is acting as the sole underwriter for this firm commitment offering, which is expected to close on September 23, 2024. GLE plans to use the proceeds for brand promotion and marketing (25%), recruitment (25%), strategic investments and acquisitions (25%), and general working capital (25%).
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