TGE Announces a Hotel Buyout Deal in Malaysia

Rhea-AI Summary

The Generation Essentials Group (NYSE:HKD) announced on Nov. 13, 2025 that TGE has entered into a definitive agreement to acquire a hotel in Kuala Lumpur, Malaysia.

The hotel is in the main commercial and business district, linked to Sunway Putra Mall and the Putra World Trade Centre, offers 135 rooms, a gym, a library and a rooftop infinity pool on the 37th floor with panoramic city views. Closing is subject to customary closing conditions. The acquisition is presented as part of TGE's global hospitality expansion following recent entries into the United States and Australia.

Positive

• 135-room hotel added to TGE portfolio
• Prime location linked to Sunway Putra Mall and Putra World Trade Centre
• Global expansion milestone following US and Australia entries

Negative

• Transaction subject to customary closing conditions
• No financial terms disclosed in the announcement

PARIS, NEW YORK and SINGAPORE, Nov. 13, 2025 /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), a subsidiary of AMTD Digital Inc., jointly announce that TGE has entered into a definitive agreement with the seller to acquire a hotel in Kuala Lumpur. Closing of the deal is subject to customary closing conditions.

Located in Kuala Lumpur's main commercial and business district, the hotel is connected via a link bridge to Sunway Putra Mall and the Putra World Trade Centre. It offers 135 hotel rooms, a fully equipped gym, a library, and a rooftop infinity pool on the 37th floor that provides stunning, panoramic views of the Kuala Lumpur city centre skyline.

This acquisition marks another milestone for TGE in its global hospitality expansion, following its recently announced entry into United States and Australia.

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 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), 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.

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 and/or AMTD Digital, 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: tge@amtd.world 

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

FAQ

What did TGE (NYSE:HKD) announce on November 13, 2025?

TGE announced it entered a definitive agreement to acquire a hotel in Kuala Lumpur, subject to customary closing conditions.

How many rooms does the Kuala Lumpur hotel have in TGE's deal (HKD)?

The hotel offers 135 rooms.

Where is the hotel TGE is buying located and what amenities are highlighted?

It is in Kuala Lumpur's main commercial district, linked to Sunway Putra Mall and Putra World Trade Centre, with a gym, library and a 37th-floor rooftop infinity pool.

Has the TGE (HKD) hotel acquisition closed?

No; closing is subject to customary closing conditions, so the transaction is not yet completed.

Did TGE disclose the purchase price for the Kuala Lumpur hotel in the Nov. 13, 2025 announcement?

No; the announcement does not disclose any financial terms or purchase price.