Successful Business Combination of AMTD International and AMTD Digital to Bring Together Traditional Financial Services, Digital Tools, Media & Entertainment, and Ecosystem Plays
February 23 2022 - 9:32AM
Business Wire
AMTD International Inc. (“AMTD International” or the
“Company” or “AMTD IDEA Group”) (NYSE: AMTD; SGX:
HKB), a subsidiary of AMTD Group Company Limited (“AMTD
Group”) and a leading platform for comprehensive financial
services and digital solutions, announced today that it has
successfully completed the acquisition of a majority stake in AMTD
Digital Inc. (“AMTD Digital”). The businesses of AMTD
International and AMTD Digital are effectively combined as one
listed platform – AMTD IDEA Group, upon the effective adoption of
the proposed name change as previously announced on January 20,
2022, subject to an extraordinary general meeting to be conducted
on March 1, 2022. AMTD IDEA Group is dual-listed on two major
global stock exchanges, namely NYSE and SGX.
Upon completion of the acquisition, the Company owns 97.1% of
the issued and outstanding shares, and 99.9% of the total voting
power, of AMTD Digital, and AMTD Digital becomes a consolidated
subsidiary under AMTD IDEA Group. Dr. Timothy Tong, Chairman of the
Board of Directors of AMTD Digital, continues to serve as the
Chairman for AMTD Digital. In addition, Dr. Tong will join the
Company’s Board of Directors as an independent director and serve
as the chairman of the compensation committee, and a member of the
audit committee and the nominating and corporate governance
committee, of the Board of Directors. Mr. Yu Gao, an independent
director and vice chairman of the Board of Directors of the
Company, retired with effect from February 23, 2022. Mr. Gao served
as a member of the Board of Directors of AMTD Group overall for
over seven years since October 9, 2014 and as a member of the Board
of Directors of the Company since its inception. Mr. Gao will
continue to serve as an independent director at AMTD Group and will
join the Board of Directors of L’Officiel SAS Inc. upon the closing
of the Company’s acquisition of L’Officiel Inc. SAS.
About AMTD International Inc.
AMTD International Inc., also known as AMTD IDEA Group (NYSE:
AMTD; SGX: HKB), represents a premier Asia financial institution
and digital solutions group connecting companies and investors from
Asia, including China and Hong Kong as well as the ASEAN markets
with global capital markets. Its comprehensive one-stop financial
services plus digital solutions platform addresses different
clients’ diverse and inter-connected financial needs and digital
requirements across all phases of their life cycles. Leveraging its
deep roots in Asia and its unique eco-system — the “AMTD SpiderNet”
— the Company 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 Twitter at
“@AMTDGroup.” For the Company’s announcements, please visit
http://ir.amtdinc.com/News.
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 Company’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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AMTD IR office (ir@amtdinc.com) AMTD International Inc. +852
3163-3389
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