- AMTD IDEA Group ( NYSE: AMTD ) had entered into certain agreements with AMTD Group and AMTD Digital ( NYSE: HKD ):
- AMTD Group will inject into AMTD IDEA Group 100% of the equity interest in AMTD Assets Group, which 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 ~$500M; after deducting the outstanding liabilities associated with the properties, the net purchase consideration amounted to $268M, which will be settled by the issuance of ~30.88M newly issued Class B ordinary shares of AMTD IDEA Group at $8.68 per share.
- AMTD IDEA Group will inject AMTD Assets into AMTD Digital at the same valuation in return for 515,385 newly issued Class B shares of AMTD Digital at $520 per share.
- Upon the completion of the foregoing transactions, AMTD Digital will own 100% of the equity interest in AMTD Assets, and AMTD IDEA Group will further increase its ownership interest in AMTD Digital to 87.64% of and continue to consolidate AMTD Digital.
- AMYD Digital climbs 1.3% while AMTD IDEA Group up 27.9% pre-market.
For further details see:
AMTD IDEA to pour $500M pf premium real estate in major cities into AMTD Digital