Welcome to our dedicated page for Linkage Global news (Ticker: LGCB), a resource for investors and traders seeking the latest updates and insights on Linkage Global stock.
Linkage Global Inc (LGCB) is a prominent player in the cross-border e-commerce sector, providing integrated services to a diverse range of clients including global e-commerce merchants, overseas brands, and trading enterprises. The company offers a comprehensive suite of services designed to streamline and enhance cross-border trade. These services include a globally selected supply chain, digital marketing, e-commerce training, ERP and e-commerce software, social e-commerce solutions, and more. Linkage Global Inc is dedicated to creating a one-stop platform that simplifies and optimizes cross-border trading activities.
In recent times, the company has made significant strides in expanding its service offerings and partnerships, ensuring clients have access to top-notch resources and support. Current projects focus on leveraging digital technologies to improve service efficiency and client satisfaction, positioning Linkage Global Inc as a leader in the industry.
The financial health of the company is robust, supported by strategic investments and a growing client base. Linkage Global Inc continues to innovate and adapt to the dynamic landscape of global trade, making it a reliable partner for businesses looking to thrive in the international market.
For the latest updates and developments, investors can reach out to the Investor Relations team at WFS Investor Relations Inc. Connie Kang is available via email at ckang@wealthfsllc.com or by phone at +86 1381 185 7742.
Linkage Global (NASDAQ: LGCB) has received a notification from Nasdaq on October 31, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below the required $1 per share for 30 consecutive business days. Linkage has been granted an initial 180-day compliance period until April 29, 2025, to regain compliance. If unsuccessful, the company may be eligible for an additional 180-day period if it meets other listing requirements. The company is evaluating options to regain compliance, though success is not guaranteed.
Linkage Global Inc (NASDAQ: LGCB), a cross-border e-commerce integrated services provider based in Japan, has appointed Mr. Hanson Ji as its new Chief Financial Officer, effective October 07, 2024. Mr. Ji brings nearly 10 years of experience in auditing and capital markets to the role.
Mr. Ji's background includes senior positions at Zhongrui Capital (Hong Kong) , where he managed IPO financial consulting, and Xingyin Information Technology (Shanghai), known as 'Xiaohongshu App', where he oversaw internal control audits. He also worked as a senior auditor at Ernst & Young Hua Ming LLP Shanghai Branch.
A Chinese Certified Public Accountant, Mr. Ji holds a Bachelor of Commerce in Accounting and Finance from Monash University. Linkage's CEO, Mr. Zhihua Wu, expressed confidence that Mr. Ji's expertise will drive the company's further development.
Linkage Global Inc, a cross-border e-commerce integrated services provider, reported its financial results for H1 2024. Key highlights include:
- Net revenues decreased to USD4.80 million from USD9.03 million in H1 2023
- Gross profit fell 64% to USD0.71 million, with gross margin at 14.77%
- Net loss of USD0.90 million compared to net income of USD0.55 million in H1 2023
The decline was primarily due to tightened inspection policies for goods imported from Japan to China, Japanese yen depreciation, and reduced incentives from Google for digital marketing services. The company is diversifying its advertising partnerships and focusing on other e-commerce related services in response to these challenges.
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