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Magic Empire Global Ltd. Restructures Share Class

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Magic Empire Global Ltd. Restructures Share Class

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Magic Empire Global Ltd. ( (MEGL) ) has provided an update.

Magic Empire Global Ltd., based in Hong Kong, recently held its 2024 general meeting on November 29, 2024, where shareholders approved the reclassification of its share structure. The company transitioned from ordinary shares to a new structure comprising Class A ordinary shares, Class B ordinary shares, and non-voting ordinary shares. This change, effective January 28, 2025, aims to enhance its market operations, with Class A shares continuing to trade on Nasdaq under the symbol MEGL.

More about Magic Empire Global Ltd.

YTD Price Performance: 15.64%

Average Trading Volume: 1,657,031

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $12.15M

For a thorough assessment of MEGL stock, go to TipRanks’ Stock Analysis page.

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