AMTD Provides Updates to Shareholders Regarding Positive Developments on the Expected Closing of Various Transactions Amounting to ~US$328 Million

AMTD Digital (NYSE:HKD) and affiliates announced positive progress toward closing a set of hospitality asset transactions totaling approximately US$328 million, expected to complete within two to three weeks of April 10, 2026.

Rhea-AI Summary

AMTD Digital (NYSE:HKD) and affiliates announced positive progress toward closing a set of hospitality asset transactions totaling approximately US$328 million, expected to complete within two to three weeks of April 10, 2026. The package covers properties in Australia, Malaysia and the UK, including The Ritz-Carlton Australia, Upper View Regalia Hotel Malaysia, Dao by Dorsett Hornsey (to be renamed AMTD Dao by Dorsett Hornsey Hotel), Hornsey Town Hall, and a London office tower to be renamed The AMTD IDEA House. The company says these closings mark a milestone in expanding AMTD's global hospitality portfolio and support its strategy to diversify and deliver long-term shareholder value.

Positive

• Aggregate consideration of ~US$328 million for hospitality transactions
• Geographic expansion across Australia, Malaysia and the UK
• Renaming and rebranding of UK assets to AMTD-branded properties

Negative

• Transactions are not yet closed and remain subject to completion risk within two–three weeks

Argus Apr 10 session

-2.14% close to close Open Argus

Details

News Market Reaction – HKD

On Apr 10, the day this news came out, HKD closed 2.14% below the previous close.

Data tracked by StockTitan Argus for the Apr 10 session.

Key Figures

Hospitality transactions value: approximately US$328 million Expected closing window: two - three weeks

Hospitality transactions value

approximately US$328 million

Aggregate consideration for hospitality portfolio deals mentioned in the update

Expected closing window

two - three weeks

Management’s indicated timeframe for closing the hospitality transactions

Historical Context

5 past events · Latest: Apr 08

5 events

1. Apr 08

   Dividend exploration

   24h Move

   -1.2%

   Exploratory plan to distribute shares of listed subsidiaries to holders.

2. Apr 07

   Board appointment

   24h Move

   +0.0%

   Chairman appointed to HKUST (GZ) Global Strategic Advisory Board.

3. Apr 02

   Leadership recognition

   24h Move

   +3.1%

   Founder re-appointed Chief President of youth association, boosting visibility.

4. Mar 31

   Media expansion

   24h Move

   +3.3%

   The Art Newspaper registered in Hong Kong with inaugural local edition.

5. Mar 17

   Box office milestone

   24h Move

   +3.0%

   TGE film “Scare Out” surpasses US$190M global box office and record metrics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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PARIS and NEW YORK and LONDON, April 10, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly provide an update on the positive progress towards the expected closing, within the next two - three weeks, of a series of hospitality transactions with an aggregate consideration of approximately US$328 million. 

These transactions include The Ritz-Carlton in Australia, Upper View Regalia Hotel in Malaysia, and a UK portfolio comprising Dao by Dorsett Hornsey Hotel which will be renamed as AMTD Dao by Dorsett Hornsey Hotel, the historic Hornsey Town Hall, and a London office tower which will be renamed as The AMTD IDEA House.

The anticipated completion of these transactions represents a significant milestone in the continued expansion and maturation of AMTD's hospitality portfolio across major international gateway cities globally. It further reinforces AMTD's positioning as a diversified global conglomerate and underscores its commitment to delivering sustainable, long-term value to its shareholders.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor"provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects,""anticipates," "aims," "future," "intends," "plans," "believes,""estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content:https://www.prnewswire.com/news-releases/amtd-provides-updates-to-shareholders-regarding-positive-developments-on-the-expected-closing-of-various-transactions-amounting-to-us328-million-302739289.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What hospitality assets is AMTD Digital (HKD) acquiring in the ~US$328 million deal announced April 10, 2026?

The deal covers The Ritz-Carlton in Australia, Upper View Regalia Hotel in Malaysia, and a UK portfolio including Dao by Dorsett Hornsey and Hornsey Town Hall. According to AMTD Digital, a London office tower will also be renamed The AMTD IDEA House.

When does AMTD Digital (HKD) expect the ~US$328 million hospitality transactions to close?

AMTD Digital expects the transactions to close within two to three weeks of April 10, 2026. According to AMTD Digital, that timeline reflects positive progress toward the expected completion of the series of hospitality deals.

How will the April 10, 2026 hospitality acquisitions affect AMTD Digital (HKD)’s portfolio?

The acquisitions expand AMTD Digital's hospitality footprint across major international gateway cities in Australia, Malaysia and the UK. According to AMTD Digital, the moves are intended to mature and diversify its global hospitality portfolio and strengthen long-term value.

Does the April 10, 2026 announcement for AMTD Digital (HKD) include any rebranding of acquired properties?

Yes. The company said Dao by Dorsett Hornsey will be renamed AMTD Dao by Dorsett Hornsey Hotel and a London office tower will be renamed The AMTD IDEA House. According to AMTD Digital, rebranding aligns assets with its global strategy.

Is the ~US$328 million consideration for AMTD Digital (HKD) a confirmed price or an estimate in the April 10, 2026 update?

The announcement describes the aggregate consideration as approximately US$328 million. According to AMTD Digital, that figure represents the expected total value of the hospitality transactions pending their closing in the stated timeline.