Amtd Idea Stock Price, News & Analysis

AMTD IDEA Group, AMTD Digital, and L'Officiel Group announce the launch of L'Officiel Japan, marking the French fashion media group's entry into the Japanese luxury market. This expansion is in collaboration with Asahi Shimbun Publications Inc., a subsidiary of one of Japan's largest newspaper companies.

The launch includes both digital and print versions, with content shared across various social media platforms. L'Officiel Japan's editorial team features top industry talents, including Takafumi Kawasaki as Editor-in-Chief, Giampietro Baudo as Editorial Director, and Ian Lee as Deputy Editorial Director.

This milestone follows L'Officiel's acquisition by AMTD Group in early 2022, adding to its coverage of over 30 countries globally. The move is part of L'Officiel's global expansion and business model transformation strategy under AMTD Group's media and culture landscape.

AMTD IDEA Group, AMTD Digital, and L'Officiel Group have launched L'Officiel Japan, marking the French fashion media group's entry into the Japanese luxury market. This launch, featuring both digital and print versions, is a collaboration with Asahi Shimbun Publications. L'Officiel Japan's editorial team includes Takafumi Kawasaki as Editor-in-Chief, Giampietro Baudo as Editorial Director, and Ian Lee as Deputy Editorial Director.

The launch represents a significant milestone in L'Officiel's global expansion strategy, following its acquisition by AMTD Group in early 2022. Content will be available through physical issues and various digital platforms, including Instagram, Threads, Facebook, and X. This expansion adds to L'Officiel's existing coverage in over 30 countries worldwide.

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) celebrated its 5th listing anniversary on the New York Stock Exchange by ringing the closing bell on August 5. Dr. Calvin Choi, the founder of AMTD IDEA, performed the honor, with Stefan Jekyl, Head of International Listings at NYSE, in attendance.

Since its 2019 NYSE debut, AMTD IDEA Group has evolved into a conglomerate with a diverse portfolio spanning digital solutions, investment, media, entertainment, hospitality, and VIP services. The company owns renowned global media platforms, including:

• L'OFFICIEL: A century-old French fashion magazine with a presence in over 30 countries, reaching nearly 100 million fashion enthusiasts worldwide.
• The Art Newspaper: Founded in 1990, it's a leading art industry publication with operations in Paris, London, and New York City.

AMTD Group, alongside AMTD IDEA Group and AMTD Digital, welcomes Futu Holdings as a new shareholder in Airstar Bank. Airstar Bank, a joint venture between AMTD and Xiaomi, aims to enhance its digital banking services through Futu's investment in its parent company, Gravitation Fintech HK Futu's capital injection seeks to drive Airstar Bank’s growth, foster FinTech innovation, and promote financial inclusion in Hong Kong.

AMTD Group, along with its subsidiaries AMTD IDEA Group and AMTD Digital, jointly announced that Airstar Bank, a Hong Kong virtual bank co-established with Xiaomi , has introduced Futu Holdings as a new shareholder. This investment is aimed at fostering business growth and diversification within Airstar Bank and promoting FinTech innovation and financial inclusion in Hong Kong. Airstar Bank's mission is to provide accessible and flexible digital banking services, aligning with Futu's philosophy of technological innovation in financial services.

AMTD IDEA Group (NYSE: AMTD; SGX: HKB), a dual listed company, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2023.

The report was filed with the SEC on May 13, 2024, and is available on the company's investor relations website. Shareholders and ADS holders can request a hard copy free of charge.

AMTD Group Inc. announced the adoption of a unique CEO rotation system, where CEOs of operating companies will be appointed by the Executive Management Committee on a rotational basis. This approach aims to foster shared leadership, diversity, and continuous grooming of next-level leaders. The rotating CEOs every six months will bring different perspectives, values, and enhance decision-making processes, aligning with the company's mission of shared values and sustainable interest.

AMTD Group Inc. announced the adoption of a rotating CEO system for its operating companies and subsidiaries, including AMTD IDEA and AMTD Digital. This innovative approach aims to promote shared leadership, diversity, and continuous leadership development within the organization. The program will rotate CEOs every six months, fostering collective wisdom and ensuring the long-term interests of AMTD. The independent chairman of AMTD IDEA, Dr. Feridun Hamdullahpur, expressed confidence in the program's ability to drive sustainability and growth for the group.

AMTD IDEA Group announced the completion of its auditor rotation process, appointing Audit Alliance LLP as its new independent registered public accounting firm. The change was approved by the board of directors and audit committee to adhere to international best practices on auditor independence.