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AMTD Digital transfers hotel interests for TGE shares

L’Officiel Coffee and Bar’s expansion plan targets 15 to 20 additional venues worldwide.

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Form Type
6-K

Rhea-AI Filing Summary

AMTD Digital Inc. transferred its interests in four hotel assets—the AMTD IDEA Tribeca Hotel, Ritz-Carlton, Perth hotel operations, AMTD Dao By Dorsett Hornsey London, and Upper Regalia Kuala Lumpur—to The Generation Essentials Group (TGE) on November 2, 2026, for an aggregate purchase price of US$209,766,000, factoring in underlying debts. AMTD IDEA Group had first transferred the assets to AMTD Digital at the same valuation, settling and discharging US$209,766,000 of debt it owed to AMTD Digital.

TGE satisfied the price in full by issuing 198,630,381 newly issued Class A ordinary shares to AMTD Digital. The share count was determined using TGE’s 30-day volume-weighted average price on the NYSE for the 30 trading days ending May 29, 2026. As of November 6, 2026, AMTD Digital held 88.2% of TGE’s issued and outstanding share capital and 91.1% of its total outstanding voting power.

Filing Explained

A no-penalty unwind right remains in the agreement if an authority or exchange deems any part of the transaction to violate listing rules.

The filing reports that AMTD Digital completed the hotel-asset transfer and consideration-share issuance on November 2, 2026, and the agreement assigns TGE the assets’ profits, losses, debts, operating liabilities, tax obligations and risks from their stated effective dates, while treating Digital as nominee until formal transfers are registered and finalized.

For a stock split, recapitalization or similar capital restructuring before formal registration, the agreement provides for adjusting the consideration-share count to preserve the intended economic value.

Hotel assets transferred 4 hotel assets Transferred to TGE on November 2, 2026
Aggregate purchase price US$209,766,000 Purchase price for the transferred hotel assets, factoring in underlying debts
Newly issued TGE Class A ordinary shares 198,630,381 shares Issued to AMTD Digital in full satisfaction of the purchase price
AMTD Digital ownership of TGE share capital 88.2% Issued and outstanding share capital as of November 6, 2026
AMTD Digital voting power in TGE 91.1% Total outstanding voting power as of November 6, 2026
AMTD IDEA Group beneficial ownership of TGE share capital 95.6% Directly and through AMTD Digital, as of November 6, 2026
AMTD IDEA Group voting power in TGE 96.7% Directly and through AMTD Digital, as of November 6, 2026
volume-weighted average price (VWAP) financial
"30-day volume-weighted average price (VWAP) of TGE’s shares"
Volume-weighted average price (VWAP) is the average price of a security over a trading period where each trade’s price is weighted by how many shares were traded, so larger trades pull the average more than tiny ones. Investors and traders use VWAP as a benchmark to judge whether a trade was executed at a favorable price—similar to checking whether you paid more or less than the typical price when most people were buying or selling.
bare trustee technical
"held the Target Assets strictly as a bare trustee and nominee"
anti-dilution protections financial
"subject to standard anti-dilution protections"
Anti-dilution protections are contract terms that adjust an investor's ownership or share price if a company later issues new shares at a lower price than the investor originally paid, so the investor doesn't lose as much value or voting power. They matter to investors because they limit downside from later, cheaper financings—like giving extra pieces to someone whose slice of pie would otherwise shrink—and influence expected returns and future ownership stakes.

FAQ

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

What hotel assets did HKD transfer to TGE and at what price?

AMTD Digital transferred interests in the AMTD IDEA Tribeca Hotel, Ritz-Carlton, Perth hotel operations, AMTD Dao By Dorsett Hornsey London and Upper Regalia Kuala Lumpur for an aggregate purchase price of US$209,766,000, factoring in underlying debts.

How was the number of TGE shares for HKD’s hotel transfer calculated?

The 198,630,381 shares were determined by dividing the purchase price by TGE’s 30-day volume-weighted average share price on the NYSE for the 30 trading days ending May 29, 2026.

What approvals did the TGE asset transfer agreement require?

The agreement made the parties’ obligations to consummate the transfer strictly conditional on formal corporate approval from the respective boards of directors of AMTD Digital and TGE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2026

 

Commission File Number: 001-40463

 

 

 

AMTD Digital Inc.

(Translation of registrant’s name into English)

 

 

 

66 rue Jean-Jacques Rousseau

75001 Paris

France

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒        Form 40-F ☐

 

 

 

 

 

EXPLANATORY NOTE

 

On November 6, 2026, we, together with our parent company AMTD IDEA Group and our subsidiary The Generation Essentials Group, issued a joint press release announcing the transfer by us to The Generation Essentials Group of our interests in four premium hotel assets pursuant to an Asset Transfer and Share Issuance Agreement, dated October 21, 2026, between us and The Generation Essentials Group, and the issuance by The Generation Essentials Group to us of 198,630,381 newly issued Class A ordinary shares in full satisfaction of the purchase price. A copy of the joint press release is furnished as Exhibit 99.1, and a copy of the Asset Transfer and Share Issuance Agreement is furnished as Exhibit 99.2, to this current report on Form 6-K.

 

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EXHIBIT INDEX

 

Exhibit No.   Description
99.1   AMTD IDEA, AMTD Digital and TGE Jointly Announce the Transfer of Four Premium Hotel Assets to TGE and the Issuance of 198,630,381 TGE Class A Ordinary Shares to AMTD Digital
     
99.2   Asset Transfer and Share Issuance Agreement, dated October 21, 2026, between AMTD Digital Inc. and The Generation Essentials Group

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  AMTD Digital Inc.
     
  By: /s/ Feridun Hamdullahpur
  Name: Dr. Feridun Hamdullahpur
  Title: Director

 

Date: November 6, 2026

 

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Exhibit 99.1

 

AMTD IDEA, AMTD Digital and TGE Jointly Announce the Injection of Four Premium Hotel Assets into TGE

 

PARIS & NEW YORK & LONDON -- AMTD IDEA Group (NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group Inc. (“AMTD Group”), AMTD Digital Inc. (“AMTD Digital”) (NYSE: HKD), a controlled and consolidated subsidiary of AMTD IDEA Group, and The Generation Essentials Group (“TGE”) (NYSE: TGE; LSE: TGE), a controlled and consolidated subsidiary of AMTD Digital, jointly announced today the injection of four premium hotel assets into TGE.

 

On October 21, 2026, AMTD Digital and TGE entered into an Asset Transfer and Share Issuance Agreement (the “Asset Transfer Agreement”), pursuant to which AMTD Digital transferred, on November 2, 2026 to TGE its controlling interests in four hotel assets, consisting of 100% of the AMTD IDEA Tribeca Hotel, a 50% equity interest with veto power in the hotel operations of the Ritz-Carlton, Perth, and 100% of AMTD Dao By Dorsett Hornsey London, and 80% of Upper Regalia Kuala Lumpur and (collectively, the “Target Assets”), for an aggregate purchase price of US$209,766,000, factoring into consideration also the underlying debts.

 

The L’Officiel Coffee and Bar celebrated its official opening at City of Dreams in Macao SAR in September 2026. As the Brand’s second global location, it reinforces our commitment to a strategic expansion plan within the hospitality sector, with a target of establishing 15 to 20 additional venues worldwide.

 

The purchase price was satisfied in full by the issuance by TGE to AMTD Digital on November 2, 2026 of 198,630,381 newly issued Class A ordinary shares of TGE (the “Consideration Shares”), determined based on the 30-day volume-weighted average price of TGE’s shares on the New York Stock Exchange for the thirty trading days ending on May 29, 2026. The Asset Transfer Agreement was entered into immediately after AMTD IDEA Group transferred the Target Assets into AMTD Digital at the valuation and through settlement and discharge of US$209,766,000 of indebtedness owed by AMTD IDEA Group to AMTD Digital (collectively, the “Transactions”).

 

The Transactions are intended to inject and consolidate the group’s premium hospitality assets under TGE, which focuses on hospitality and VIP services, among other businesses focusing into lifestyle and experiencing.

 

After the consummation of the Transactions and as of the date of this press release, (i) AMTD Digital holds 88.2% of the issued and outstanding share capital of TGE, representing 91.1% of the total outstanding voting power of TGE, and (ii) AMTD IDEA Group, directly and through AMTD Digital, beneficially owns 95.6% of the issued and outstanding share capital of TGE, representing 96.7% of the total outstanding voting power of TGE.

 

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

 

 

 

Exhibit 99.2

 

ASSET TRANSFER AND SHARE ISSUANCE AGREEMENT

 

This Asset Transfer and Share Issuance Agreement (the “Agreement”) is made and entered into as of this 21st of October, 2026, by and between:

 

1.AMTD Digital Inc., an exempted company incorporated in the Cayman Islands with limited liability and listed on the NYSE (“Digital”); and

 

2.The Generation Essentials Group, a company listed on the NYSE and the London Stock Exchange (“TGE”)

 

(Digital and TGE are collectively referred to as the “Parties” and individually as a “Party”.)

 

RECITALS

 

WHEREAS, Digital owns or possesses the absolute right to transfer the following premium hospitality assets and corresponding equity interests (collectively, the “Target Assets”):

 

(i) The property, business, and associated operations known as the AMTD IDEA Tribeca Hotel, valued at a consideration of USD 69,000,000, with an effective acquisition date occurring in March 2026;

 

(ii) A fifty percent (50%) equity interest in RC Perth Operations Pty Ltd and Perth FEC Pty Ltd (representing the hotel operations of the Ritz-Carlton, Perth), valued at a consideration of AUD 100,000,000, with an effective acquisition date occurring in May 2026;

 

(iii) One hundred percent (100%) of the issued and outstanding share capital of Magic Star International Limited (representing the hotel operations of Regalia Kuala Lumpur), valued at a consideration of HKD 300,000,000, with an effective acquisition date occurring in May 2026; and

 

(iv) One hundred percent (100%) of the issued and outstanding share capital of Quality Hornsey PropCo Limited (representing the hotel operations of Dao By Dorsett North London), valued at a consideration of GBP 22,656,000, with an effective acquisition date occurring in June 2026.

 

WHEREAS, Digital desires to sell, assign, and transfer the Target Assets to TGE, and TGE desires to acquire the Target Assets from Digital, upon the terms and subject to the conditions set forth herein;

 

NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

  

ARTICLE 1: THE TRANSFER

 

1.1 Transfer of Target Assets

 

Subject to the absolute fulfillment or written waiver of the Conditions Precedent set forth in Article 5, Digital hereby agrees to irrevocably sell, assign, transfer, and convey to TGE, and TGE hereby agrees to purchase, acquire, and accept from Digital, all of Digital’s rights, title, and interests in and to the Target Assets, free and clear of all encumbrances (the “Transfer”).

 

 

 

 

ARTICLE 2: CONSIDERATION AND SHARE ISSUANCE

 

2.1 Purchase Price

 

The aggregate purchase price for the Target Assets shall be the sum of: USD 69,000,000 plus AUD 100,000,000 plus HKD 300,000,000 plus GBP 22,656,000. For the purposes of this Agreement, all non-USD amounts have been converted into United States Dollars (USD) based on the official foreign exchange rates published by Bloomberg as of the close of business on May 29, 2026, resulting in a total aggregate purchase price of USD 209,766,000 (the “Purchase Price”).

 

2.2 Settlement of the Transfer

 

In full and final settlement of the Purchase Price, Purchaser shall issue and allot to Seller (or its designated nominee) exactly 198,630,381 newly issued Class A shares of TGE (the “Consideration Shares”). The number of Consideration Shares was determined by dividing the Purchase Price by the 30-day volume-weighted average price (VWAP) of Purchaser’s shares traded on the NYSE for the thirty (30) trading days ending on May 29, 2026. The Parties expressly agree that the issuance and allotment of the Consideration Shares shall constitute complete and absolute satisfaction of Purchaser’s obligation to pay the Purchase Price.

 

ARTICLE 3: EFFECTIVE DATE AND RISK ASSUMPTION

 

3.1 Effective Date

 

Notwithstanding the date of execution of this Agreement, the Parties expressly agree that the effective date of the transfer of beneficial ownership, economic rights, and legal title of each respective Target Asset to TGE shall be deemed to be the exact dates of the effective acquisitions of such Target Assets as outlined in the Recitals (the “Effective Date”).

 

3.2 Absolute Assumption of Liabilities and Bare Trust Arrangement

 

As of the respective Effective Dates for each Target Asset, TGE hereby unconditionally and irrevocably assumes all economic benefits, profits, losses, debts, operational liabilities, tax obligations, and risks associated with the Target Assets. Digital is hereby deemed to have held the Target Assets strictly as a bare trustee and nominee for and on behalf of TGE from their respective Effective Dates until the formal legal transfers are registered and finalized.

 

ARTICLE 4: STRICT PROTECTIVE COVENANTS AND INDEMNIFICATION

 

4.1 Absolute Indemnification

 

TGE shall unconditionally, irrevocably, and absolutely indemnify, defend, and hold harmless Digital, alongside its directors, officers, shareholders, employees, and affiliates, from and against any and all claims, lawsuits, regulatory fines, tax liabilities, losses, damages, or expenses (including reasonable legal fees) of any nature whatsoever arising out of or related to the ownership, operation, or transfer of the Target Assets from their respective Effective Dates.

 

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4.2 Regulatory Fail-Safe and Unwind Mechanism

 

In the event that the U.S. Securities and Exchange Commission, the NYSE, the LSE, the SGX, or any other competent regulatory authority or exchange deems any part of this transaction to be in violation of applicable listing rules, the Parties shall have the absolute right to unilaterally unwind and void this Agreement ab initio (from the beginning) without penalty.

 

4.3 Anti-Dilution Protection

 

The shares issued to Digital pursuant to Article 2 shall be subject to standard anti-dilution protections. Should TGE undergo any stock split, reverse stock split, stock dividend, recapitalization, or similar capital restructuring prior to the formal registration of the shares, the number of shares to be issued shall be mathematically adjusted to ensure Digital receives the exact same economic value as originally contemplated under this Agreement.

 

ARTICLE 5: CONDITIONS PRECEDENT

 

5.1 Board Approvals

 

The respective obligations of the Parties to consummate the Transfer are strictly conditional upon the receipt of formal corporate approval from the respective Boards of Directors of Digital and TGE.

 

ARTICLE 6: REPRESENTATIONS AND WARRANTIES

 

6.1 Mutual Representations

 

Each Party represents and warrants to the other Party that it is duly organized, has the requisite corporate power to enter into this Agreement, and that this Agreement constitutes a valid and binding obligation.

 

ARTICLE 7: MISCELLANEOUS

 

7.1 Governing Law and Exclusive Jurisdiction

 

This Agreement, and all claims or causes of action arising out of or relating to this Agreement, shall be governed by and construed in accordance with the laws of the Cayman Islands. Any dispute, controversy, or claim arising out of or relating to this Agreement shall be subject to the exclusive jurisdiction of the competent courts of the Cayman Islands.

 

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