AMTD IDEA Group Announces Successful Completion of Injection of Global Portfolio of Premium Real Estate Assets into AMTD Digital Inc.
February 06 2023 - 9:17AM
Business Wire
AMTD IDEA Group (“AMTD IDEA Group”) (NYSE: AMTD; SGX: HKB), a
subsidiary of AMTD Group Inc. (formerly known as AMTD Group Company
Limited and hereinafter referred as “AMTD Group”) and a leading
platform for comprehensive financial services and digital
solutions, and AMTD Digital Inc. (“AMTD Digital”) (NYSE: HKD), a
controlled and consolidated subsidiary of AMTD IDEA Group and a
comprehensive one-stop digital solutions platform in Asia, jointly
announced that the previously announced transaction of injecting
AMTD Assets Group (“AMTD Assets”) into AMTD Digital has been closed
successfully.
AMTD Assets represents the letter “A” of AMTD Group’s “IDEA”
strategy, and holds a global portfolio of premium whole building
properties, with a fair market value of approximately US$500
million.
Following the completion of the transaction, AMTD Digital owns
100% of the equity interest in AMTD Assets, and AMTD IDEA Group has
increased its ownership interest in AMTD Digital to 85.8% and
continues to consolidate AMTD Digital.
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc.
(NYSE: AMTD; SGX: HKB), represents a premier Asia financial
institution and digital solutions group connecting companies and
investors from Asia, including mainland 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" — it is uniquely positioned as an active
super-connector between clients, business partners, investee
companies, and investors. For more information, please visit
www.amtdinc.com or follow us on Twitter at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital
solutions platform in Asia. Its one-stop digital solutions platform
operates four main business lines including digital financial
services, SpiderNet ecosystem solutions, digital media, content and
marketing, as well as digital investments. It is the fusion reactor
at the core of the AMTD SpiderNet ecosystem and empowers and
integrates the various digital businesses within its ecosystem. For
AMTD Digital’s announcements, please visit
https://ir.amtdigital.net/investor-news.
About AMTD Assets Group
AMTD Assets Group is the real estate arm of AMTD Group, focusing
and specialising in hospitality and lifestyle concepts globally.
AMTD Assets Group offers a customer-centric VIP members approach
for its business portfolio in the key areas comprising stylish
hotels and serviced apartments, property rental, food and beverage,
and club membership services across major cities globally.
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 and/or AMTD Digital
with the SEC. All information provided in this press release is as
of the date of this press release, and neither AMTD IDEA Group nor
AMTD Digital undertakes any obligation to update any
forward-looking statement, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230206005397/en/
For AMTD IDEA Group: IR Office AMTD IDEA Group TEL: +852
3163-3389 EMAIL: ir@amtdinc.com
For AMTD Digital Inc.: IR Office AMTD Digital Inc. TEL: +852
3163-3298 EMAIL: ir@amtdigital.com
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