$0.363
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Noticias de TGE
Eventos de TGE
AMTD Group Negotiates Acquisition of Second Hotel in New York
AMTD Group, AMTD IDEA Group (TD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, jointly announce AMTD is in negotiation as a final stage bidder in relation to the acquisition of a second hotel in New York City. In March 2026, AMTD successfully acquired a hotel located at 39 6th Ave, New York, NY 10013, for a cash consideration of USD69 million, which has now been rebranded successfully as the AMTD IDEA Tribeca Hotel. The newly targeted property is located strategically in the Time Square area. The relevant parties are currently in final negotiation stage and are working towards a definitive purchase agreement, with a target closing date prior to the end of 2026. However, there are no certainties or guarantee that the transaction will be consummated. If the transaction goes through successfully, AMTD will update the investors accordingly with further details.
TGE Reports Revenue of $65.9M, Down from $87.4M Last Year
Reports revenue $65.9M vs. $87.4M last year. Feridun Hamdullahpur, Director, commented: "This was an outstanding growth year for TGE, with several strategic long-term acquisitions and investments worldwide being concluded. With the addition of the new hotels and the new L'Officiel Coffee & Bar, TGE is expanding its global presence. The Board of Directors congratulates the Management Team on their exceptional accomplishments."
Generation Essentials Receives Compliance Notice from NYSE
The Generation Essentials announced that it has received a letter from the NYSE, notifying the company that it is below compliance standards due to the trading price of the company's Class A ordinary shares. Pursuant to Section 802.01C of the NYSE's Listed Company Manual, a company will be considered to be below compliance standards if the average closing price of its security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period.
AMTD Group Announces Significant Progress in Hotel Portfolio
AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, jointly announce "significant progress" in building the AMTD-branded hotel portfolio: China: iclub AMTD Sheung Wan Hotel in Hong Kong SAR; Singapore: Dao by Dorsett AMTD Hotel in Singapore; United Kingdom: AMTD Dao by Dorsett Hornsey Hotel in London; Malaysia: AMTD IDEA KL Hotel in Kuala Lumpur; United States: AMTD IDEA Tribeca Hotel in New York. The ownership of these hotel properties will be restructured and held under AMTD Hotels Group, forming a unified, globally connected hospitality platform.
AMTD Group Repurchases Approximately 7,500,000 Shares
AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital Inc. (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, jointly announce that under the share repurchase programs established and implemented by the Group, the approximate cumulative number of shares repurchased as of the date of this announcement is as follows: AMTD IDEA Group: 4,417,036 American depositary shares; AMTD Digital Inc.: 2,798,473 American depositary shares; TGE: 284,538 ordinary shares. The Group reaffirms its strong confidence in its long-term prospects. The boards of directors of AMTD IDEA, AMTD Digital, and TGE each believe that AMTD is well positioned for sustainable long-term growth, supported by diversified operations across multiple sectors and jurisdictions, as well as its complete independent majority board structure to align with global best practices in corporate governance standards. Across its core business segments, the Group has established solid foundations and maintains continual leading competitive positions.
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