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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.
AMTD Group Repurchases Over 7 Million Shares
AMTD Group, AMTD IDEA Group (AMTD), AMTD (HKD) and The Generation Essentials Group (TGE) 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 are 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 their 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 maintained leading competitive positions.
AMTD Digital Subsidiary TGE Launches $10M Share Repurchase Program
The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc. (HKD), announces that TGE's Board of Directors has approved a share repurchase program under which TGE may repurchase up to $10M of its ordinary shares. The Board believes that TGE's shares are drastically undervalued, given that current share prices are trading at a significant discount relative to net asset and total asset values per share. The new share repurchase program is intended to enhance shareholder value and demonstrate the Board's confidence in TGE's long-term prospects, asset strengths, and robust capital position. Concurrently, TGE announced that its controlling shareholder, AMTD Digital Inc., directors, and management team have voluntarily agreed not to sell any of their TGE shares for two years from the date of this announcement, further reinforcing their long-term commitment to and confidence in TGE.
AMTD Digital Subsidiary TGE Launches $10M Share Repurchase Program
The Generation Essentials Group (TGE), a subsidiary of AMTD Digital (HKD), announces that TGE's Board of Directors has approved a share repurchase program under which TGE may repurchase up to $10M of its ordinary shares. TGE's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. TGE expects to fund the repurchases out of its existing cash balance. Upon completion of several hotel acquisitions, TGE's total asset value of approximately $1.7B, represent a 17.7% increase over the audited total asset value as of December 31, 2025. Its net assets are expected to approximate $971M,a 15.8% increase over the audited year-end net asset value. Concurrently, TGE announced that its controlling shareholder, AMTD Digital, directors, and management team have voluntarily agreed not to sell any of their TGE shares for two years from the date of this announcement, further reinforcing their long-term commitment to and confidence in TGE.
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