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GLE (Nasdaq: GLE) and Angkasa-X ink Space-to-AI infrastructure MOU

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Global Engine Group Holding Limited reported that it entered into a non-binding memorandum of understanding with Angkasa-X Holdings Corp. to explore a Space-to-AI digital infrastructure platform. The collaboration focuses on integrating satellite networks, global data infrastructure, and blockchain technology to support artificial intelligence applications.

GLE expects to combine its digital infrastructure capabilities with Angkasa-X’s Low Earth Orbit satellite network to reach underserved markets across Southeast Asia, Africa, Latin America, South Asia, and the Middle East. The parties plan feasibility studies and a proof of concept within three to six months, with GLE engaged as edge datacenter provider for ground stations in Malaysia and Indonesia.

Positive

  • None.

Negative

  • None.
Proof of concept timeline three to six months Feasibility studies and POC rollout after MOU signing
LEO satellites planned 500 LEO satellites Planned size of A-SEANLINK constellation
Satellite altitude 800 kilometers Operating altitude of A-SEANLINK LEO satellites
Orbital inclination ±28 degrees Near-equatorial orbital inclination for Equatorial Space Network
Population coverage 3.8 billion people People in near-equatorial region targeted by Equatorial Space Network
People without reliable internet 1.3 billion people Subset of target region lacking reliable internet access
memorandum of understanding regulatory
"entered into a non-binding memorandum of understanding (the “MOU”) with Angkasa-X Holdings Corp."
A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.
Low Earth Orbit technical
"a satellite technology company specializing in Low Earth Orbit (“LEO”) satellite constellations"
Low Earth orbit (LEO) is the region of space close to Earth, roughly from about 160 to 2,000 kilometers above the surface, where satellites and spacecraft circle the planet quickly—think of it as a busy highway just overhead. It matters to investors because many communications, imaging and data services rely on satellites in LEO; their shorter lifespans, lower launch costs, crowded lanes and debris risks directly affect the cost, revenue potential and operational risks of companies that build, launch or use these satellites.
Satellite-as-a-Service technical
"Angkasa-X operates a Satellite-as-a-Service (“SaaS”) business model"
A service model where companies provide satellite capabilities — such as Earth imagery, communications, tracking, or data processing — on a pay-as-you-go basis instead of selling hardware. Think of it like renting a car or using cloud storage: customers get access to space-based data and connectivity without paying the full cost to build and launch a satellite. For investors this matters because it often creates steady, recurring revenue, lowers customer barriers to entry, and can scale faster than traditional satellite manufacturing.
Equatorial Space Network technical
"to build what we call the “Equatorial Space Network” — our satellite network, A-SEANLINK"
forward-looking statements regulatory
"This press release contains forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number 001-42277

 

Global Engine Group Holding Limited

(Translation of registrant’s name into English)

 

Room C, 19/F, World Tech Centre,

95 How Ming Street, Kwun Tong, Kowloon, Hong Kong 

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒             Form 40-F ☐

 

 

 

 

 

 

Entry into Memorandum of Understanding 

 

On May 6, 2026, Global Engine Group Holding Limited (the “Company”) entered into a non-binding memorandum of understanding (the “MOU”) with Angkasa-X Holdings Corp. (“Angkasa-X”). Pursuant to the MOU, the Company and Angkasa intend to explore potential collaboration opportunities relating to the integration of satellite networks, data infrastructure and blockchain technology to support artificial intelligence applications.

 

The Company issued a press release on this development on May 6, 2026, a copy of which is attached hereto as Exhibit 99.1.

 

The information in this Form 6-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: May 6, 2026 Global Engine Group Holding Limited
     
  By: /s/ Andrew, LEE Yat Lung
    Andrew, LEE Yat Lung
    Chief Executive Officer

 

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EXHIBIT INDEX

 

Exhibit
Number
  Description
99.1   Press Release, dated May 6, 2026

 

3

 

Exhibit 99.1

 

Global Engine Group Holding Limited and Angkasa-X Holdings Corp. Enter Into Memorandum of Understanding to Explore Integration of Satellite Networks, Data Infrastructure, and Blockchain Technology to Support Artificial Intelligence (AI) Applications

 

HONG KONG, May 6, 2026 (GLOBE NEWSWIRE) -- Global Engine Group Holding Limited (Nasdaq: GLE) (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions provider in information communication technologies (“ICT”), today announced its entry into a non-binding strategic memorandum of understanding (“MOU”) with Angkasa-X Holdings Corp. (“Angkasa-X”), a satellite technology company specializing in Low Earth Orbit (“LEO”) satellite constellations and satellite-based data services, to develop a fully integrated  Space-to-AI digital infrastructure platform. This collaboration is intended to integrate satellite services, global data infrastructure, and blockchain technology to power the evolving AI economy.

 

The collaboration is expected to merge GLE’s expertise in digital infrastructure with Angkasa-X’s rapidly expanding LEO satellite network. By leveraging Angkasa-X’s future A-SEANLINK LEO satellite constellation, GLE aims to extend its ICT services beyond traditional terrestrial limits, reaching underserved markets across Southeast Asia, Africa, Latin America, South Asia, and the Middle East.

 

As part of this collaboration, GLE and Angkasa-X plan to explore the development of integrated digital solutions combining:

 

satellite communications

 

earth observation data

 

cloud infrastructure

 

blockchain-based data systems

 

advanced analytics and AI applications

 

Together, the collaboration aims to deliver a new generation of digital infrastructure integrating terrestrial networks, data centers and space-based services.

 

Angkasa-X is engaging GLE as the edge datacenter provider for its ground stations setup in Malaysia and Indonesia. Both parties shall engage in feasibility studies to rollout a proof of concept within three to six months after the signing of the MOU.

 

“This cooperation is expected to be a pivotal milestone for GLE’s expansion into Southeast Asia,” said Mr. Andrew Lee, CEO and Chairman of the Company. “By integrating Angkasa-X’s satellite infrastructure, we plan to enhance our portfolio with high-value, satellite-enabled intelligence. We believe this allows us to optimize cost structures while delivering next-generation connectivity to the global economy.”

 

“We are honored to partner with GLE to accelerate the development of space-enabled digital infrastructure,” added Dato’ Dr. SEAH Kok Wah, CEO and Chairman of Angkasa-X. “Our vision is to build what we call the “Equatorial Space Network” — our satellite network, A-SEANLINK, with a ±28° orbital inclination, designed to connect more than 80 countries and over 3.8 billion people across the near-equatorial region. Together with GLE’s global digital infrastructure capabilities, we aim to unlock a new era where satellites, data, and AI power inclusive digital economies across emerging markets.”

 

 

 

About Angkasa-X Holdings Corp.

 

Angkasa-X Holdings Corp. (“Angkasa-X”) is an emerging independent satellite operator and space technology company headquartered in Malaysia, focused on building next-generation digital infrastructure powered by LEO satellites. Angkasa-X operates a Satellite-as-a-Service (“SaaS”) business model, enabling governments, enterprises, and communities to access satellite connectivity, earth-observation intelligence, and data infrastructure, including Internet-of-Things, and Automatic Identification System without the need to own or operate space assets.

 

Angkasa-X is developing two flagship satellite constellations: A-SEANLINK, a LEO satellite communications network with first launches expected from 2027, and A-SEANSAT, an advanced earth-observation constellation delivering geospatial intelligence for sectors such as agriculture, mining, fisheries, maritime monitoring, disaster management, and environmental surveillance across the equatorial belt. Angkasa-X has secured regulatory approvals from the Malaysian Communications and Multimedia Commission and satellite network filings submitted to the International Telecommunication Union, providing access to more than 500 LEO orbital slots, positioning Angkasa-X as a leading operator of the Equatorial LEO Corridor (also referred to as the “Equatorial Space Network”). The A-SEANLINK constellation is designed to consist of 500 LEO satellites operating at approximately 800 kilometers altitude with a near-equatorial orbital inclination of approximately ±28 degrees inclination to form the Equatorial Space Network, providing optimized coverage across the Near-Equatorial region spanning more than 80 countries and 3.8 billion people, including approximately 1.3 billion people without reliable internet access. Angkasa-X launched its first satellite, A-SEANSAT-PG1, the first nanosatellite in the A-SEANSAT constellation program, in June 2023. For more information, please visit: www.angkasax-innovation.com.

 

About Global Engine Group Holding Limited

 

Global Engine Group Holding Limited is an integrated solutions provider that operates via wholly-owned subsidiaries incorporated in Hong Kong to deliver (i) ICT solution services which include the cloud platform deployment, IT system design and configuration, maintenance, data center colocation and cloud services; (ii) technical services which include the technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, as well as IoT projects; and (iii) project management services which enhances productivity and collaboration management and enables successful implementations and adoption of solutions for customers, to drive business outcomes and innovation for its customers. GLE’s target customer groups include: (i) small to medium-sized telecom operators and ICT service providers seeking expansion in Hong Kong and the South East Asian market; (ii) data center and cloud computing services providers; and (iii) IoT solutions providers. For more information, please visit: www.globalengine.com.hk; ir.globalengine.com.hk.

 

Forward-Looking Statement

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other risk factors discussed in the reports of the Company filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For more information, please contact:

 

Investor Relations

Email: ir@globalengine.com.hk

Phone: +852 3955 2300

 

 

FAQ

What did Global Engine Group Holding Limited (GLE) announce in this Form 6-K?

Global Engine Group Holding Limited announced a non-binding memorandum of understanding with Angkasa-X Holdings Corp. to explore a Space-to-AI digital infrastructure platform integrating satellite networks, data infrastructure, and blockchain technology to support artificial intelligence applications across multiple global regions.

Who is Angkasa-X in the Global Engine Group (GLE) memorandum of understanding?

Angkasa-X Holdings Corp. is a Malaysia-headquartered satellite technology company focusing on Low Earth Orbit constellations and satellite-based data services. It operates a Satellite-as-a-Service model and is developing A-SEANLINK and A-SEANSAT constellations to provide communications and geospatial intelligence across the near-equatorial region.

What are the key goals of the GLE and Angkasa-X collaboration?

The collaboration aims to build a Space-to-AI digital infrastructure platform integrating terrestrial networks, data centers, and space-based services. It seeks to extend ICT services to underserved markets and power AI applications using satellite connectivity, global data infrastructure and blockchain-based solutions across emerging economies.

: What regions could benefit from the Global Engine Group and Angkasa-X MOU?

The collaboration targets underserved markets across Southeast Asia, Africa, Latin America, South Asia, and the Middle East. By leveraging Angkasa-X’s planned A-SEANLINK LEO constellation, GLE aims to extend connectivity and digital infrastructure to many communities lacking reliable internet access today.

What implementation steps are planned under the GLE and Angkasa-X MOU?

Both parties plan feasibility studies and rollout of a proof of concept within three to six months after signing the memorandum. Angkasa-X is engaging GLE as edge datacenter provider for ground stations in Malaysia and Indonesia to support the integrated satellite and data infrastructure.

Is the Global Engine Group and Angkasa-X memorandum of understanding legally binding?

The memorandum of understanding between Global Engine Group and Angkasa-X is explicitly described as non-binding. It outlines an intention to explore potential collaboration opportunities rather than a definitive agreement, so any specific projects or commercial arrangements would require future binding contracts.

What forward-looking statement cautions did GLE include in the announcement?

Global Engine Group cautioned that forward-looking statements, including plans and objectives described in the announcement, are subject to risks and uncertainties. Actual results may differ materially, and investors are directed to risk factors discussed in the company’s SEC filings available on the SEC’s website.

Filing Exhibits & Attachments

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