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.
AMTD International Inc. (NYSE: HKIB) announced the acquisition of a majority stake in AMTD Digital Inc. (NYSE: HKD), purchasing 31.7 million Class A and 24.2 million Class B shares for $17.75 per share, valuing AMTD Digital at $1.2 billion. Following the transaction, AMTD International will hold 97.1% of AMTD Digital's shares and 99.9% of its voting power. The acquisition, expected to close in early 2022, aims to enhance AMTD's financial services and digital solutions ecosystem, positioning the combined entity prominently in the evolving Metaverse landscape.