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AMTD Digital Inc. reports developments tied to its ADS-listed digital solutions business and to The Generation Essentials Group, its media, entertainment, hospitality and VIP services subsidiary. Recurring updates cover TGE’s annual results, premium property and hotel portfolio activity, film and entertainment projects, and media assets such as L'Officiel and The Art Newspaper.
Company news also includes AMTD group-level capital actions, subsidiary listing activity, share repurchase plans, SPAC sponsor-manager initiatives, and governance or advisory appointments connected to the AMTD corporate group.
Dr. Calvin Choi, chairman of AMTD Group and founder of AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), has been appointed to the inaugural editorial board of FinanceAsia for 2023. This prestigious role will enable him to influence content coverage in the capital markets sector. FinanceAsia, founded in 1996, is an influential publication focused on equity, debt, and M&A developments across Asia. Dr. Choi expressed his honor in joining the board, aiming to contribute to the publication's success. AMTD Group is expanding its media platform, including partnerships with L’Officiel and Forkast Labs, enhancing its global digital media presence.
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Dr. Calvin Choi, Chairman of AMTD Group, was awarded the 'Knight - Order of Arts and Letters' in Hong Kong for his significant contributions to cultural exchange between China and France. The award was presented by Christile Drulhe, the French Consul General. Dr. Choi's efforts include promoting Chinese arts globally and acquiring L’Officiel Group, enhancing cultural integration in Hong Kong. Additionally, Dr. Feridun Hamdullahpur, Chairman of AMTD IDEA Group, was recognized as a member of the Order of Canada for his contributions to academia. Both honors reflect AMTD's commitment to bridging cultures and promoting arts.
AMTD Digital Inc. (NYSE: HKD) announced a significant financial turnaround for the six months ending October 31, 2022. Profit surged by 131.8% to HK$83.7 million (US$10.7 million), while total comprehensive income rose by 134.8% to HK$83.3 million (US$10.6 million). Revenue also increased to HK$109.3 million (US$13.9 million), driven by growth in digital financial services and solutions. The company boasts a strong cash position of US$138.7 million and successfully integrated AMTD Assets Group, enhancing its portfolio with properties valued at approximately US$500 million. Despite global challenges, the management remains optimistic about future growth in the digital media and entertainment sectors.
AMTD Digital Inc. (NYSE: HKD) has completed filming for its new movie, My First of May. The film features a notable cast including Aaron Kwok, Gigi Leung, and Paw Hee-ching, enhancing its anticipated quality. AMTD Digital aims to support young talent in the entertainment industry, partnering with emerging directors like James Hung to create international opportunities.
As a significant player in digital solutions, AMTD Digital has extensive experience in cinema and media, driving cultural content across global platforms. The company’s strategies involve integrating various digital businesses within its ecosystem, reinforcing its commitment to the arts.
AMTD IDEA Group and AMTD Digital announced the successful closure of a transaction involving AMTD Assets Group. AMTD Assets, valued at approximately US$500 million, is a global portfolio of premium properties and represents the "A" in AMTD's "IDEA" strategy. Following the transaction, AMTD Digital now holds 100% equity in AMTD Assets, and AMTD IDEA Group's ownership in AMTD Digital has increased to 85.8%.
This consolidation enhances AMTD Digital's capabilities as a comprehensive digital solutions platform in Asia.
AMTD Digital Inc. (NYSE: HKD) has officially begun shooting its new film, "My First of May," starring Aaron Kwok and produced in partnership with several companies. This family movie follows a father-son relationship and highlights the emotional struggles of a mother, with a talented cast including Gigi Leung and Patrick Tam. The company also confirmed the filming of another movie, "The Trading Floor," set against a financial backdrop and featuring leading actors like Andy Lau. AMTD Digital, a comprehensive digital solutions platform in Asia, aims to strengthen its position in the digital media space through its film productions.
AMTD IDEA Group (NYSE: AMTD) and AMTD Digital Inc. (NYSE: HKD) have announced a long-term partnership with The Sandbox to create a cultural and fashion hub within the metaverse. This initiative will launch the AMTD L’Officiel LAND in March 2023, offering a new immersive gaming experience for The Sandbox players. The collaboration aims to redefine digital fashion and culture, while enhancing the global fashion community's engagement in Web3. The announcement was made during the World Economic Forum in Davos, where the first AMTD L’Officiel experience was showcased.
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) has announced a long-term partnership with The Sandbox to create a cultural and fashion hub in the metaverse. This partnership will feature the launch of AMTD L’Officiel LAND in March 2023, offering an immersive gaming experience for users. The aim is to build a vibrant community around fashion and culture through this digital platform. AMTD Group's Chairman Calvin Choi expressed excitement about the partnership, highlighting the ambition to redefine digital experiences. This venture marks a significant step for AMTD in establishing a presence in Web3 and enhancing global engagement in the digital fashion sector.
AMTD Digital Inc. (NYSE: HKD) announced that it has received confirmation of commitments from AMTD Group and executives not to sell shares in the company before August 2024. This follows a previous announcement on August 16, 2022. AMTD Digital operates a comprehensive digital solutions platform in Asia, covering financial services, ecosystem solutions, media, and digital investments, which fuels its SpiderNet ecosystem.