PR Newswire·Nov 6, 2026, 4:05 PM ET

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

AMTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group (TGE) announced the injection of four premium hotel assets into TGE.
On November 2, 2026, AMTD Digital transferred controlling interests in the Target Assets to TGE for an aggregate purchase price of US$209,766,000 including underlying debts.
The Target Assets consist of 100% of AMTD IDEA Tribeca Hotel, 50% equity with veto power in Ritz-Carlton Perth operations, 100% of AMTD Dao By Dorsett Hornsey London, & 80% of Upper Regalia Kuala Lumpur.
TGE satisfied the purchase price by issuing 198,630,381 newly issued Class A ordinary shares to AMTD Digital on November 2, 2026.
The share issuance price was determined based on the 30-day volume-weighted average price of TGE shares on the NYSE ending May 29, 2026.
The transactions consolidate premium hospitality assets under TGE following an internal transfer from AMTD IDEA Group to AMTD Digital & settlement of US$209,766,000 in indebtedness.
Post-transaction ownership structures show AMTD Digital holds 88.2% of TGE share capital representing 91.1% voting power, while AMTD IDEA Group beneficially owns 95.6% of share capital representing 96.7% voting power.
L'Officiel Coffee & Bar opened its second global location at City of Dreams in Macao SAR in September 2026 as part of a plan to establish 15 to 20 additional venues worldwide.

Company: AMTD IDEA Group; AMTD Digital Inc.; The Generation Essentials Group
Keywords: AMTD IDEA Group; AMTD Digital Inc.; The Generation Essentials Group