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GLE News
GLE Events
Global Engine Signs Strategic MOU with Angkasa-X
Global Engine announced its entry into a non-binding strategic memorandum of understanding with Angkasa-X 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 LEO satellite network. The companies said, "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. 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."
Global Engine Files $100M Mixed Securities Shelf
Global Engine files $100M mixed securities shelf
Global Engine Gets Notice of Minimum Bid Price Deficiency from Nasdaq
Global Engine Group announced that it has received a notice from The Nasdaq Stock Market LLC, dated October 27, 2025, stating that the company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based upon the closing bid price of the company's Class A ordinary shares for the last 30 consecutive business days, the company no longer satisfies this requirement. The Notice indicated that the company has 180 calendar days, or until April 27, 2026, to regain compliance with the Minimum Bid Price Rule. To regain compliance with the Minimum Bid Price Rule, the closing bid price of the company's Shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to the expiration of the Compliance Period. The Notice has no immediate effect on the listing of the company's Shares, which will continue to trade on the Nasdaq Capital Market under the symbol "GLE."
Global Engine acquires 22.5% stake in Corpotech Holdings
Global Engine Group Holding has completed the acquisition of a 22.5% stake in Corpotech Holdings Limited, which, through its wholly owned subsidiary Corpotech Limited, owns a 9,627 sq.ft data center in Tsing Yi, Hong Kong, for a total consideration of $2.25M. The Company believes this strategic investment positions GLE to capitalize on the burgeoning data managed services sector in Hong Kong.
Global Engine reports FY24 EPS HKD 0.16 vs HKD 0.17 last year
Reports FY24 HKD 49.45M vs HKD 44.684M last year. Andrew Lee, CEO, Chairman and Director of the Company commented: "In fiscal year 2024, our Company achieved notable revenue growth, increasing by 10.7% to reach HKD49.5 million, up from HKD44.7 million in the previous year. This growth was largely fueled by our expanding cloud and data center managed services, particularly in Malaysia and Taiwan, where demand continues to rise. While we saw a decline in revenue from telecommunications and consultancy services - mainly due to the completion of specific projects in Hong Kong last year and that the Company targets to focus more on markets outside of Greater China such as Southeast Asia - we remain optimistic about our strategic focus on cloud solutions, which reflects our efforts to diversify our offerings and penetrate new markets."
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