Jul. 1 at 8:11 PM
$MEGL $MEGL is a corporate finance advisory (IPO sponsorship, underwriting, compliance) trading around
$1.20, market cap of
$6M, on a float of 2.2M shares. What makes it interesting is the ownership and management overhaul that closed in June 2026. A new investor group led by Xu Xiaoxi and four more entities bought a large secondary block, the entire top of the house (chair, CEO, independent director, CFO) turned over within days, and the new interim CEO/chairperson filed a Form 3 showing she personally holds shares.
About their business
Magic Empire is a small HK financial services provider, IPO sponsorship, financial and independent financial advisory, and post-listing compliance advisory, plus a newer corporate services line (accounting, secretarial, IR).
The fundamentals are just what they are for a company this size:
Revenue (TTM): ~
$1.5M
Balance sheet: current ratio of 38.87, near zero debt, mostly cash and receivables. They're sitting at
$15M cash.
