AMTD Moves Four Hotels to TGE in US$209.8M Share Issuance
Paris – November 07, 2026 -- AMTD Digital transferred controlling interests in four hotel assets to The Generation Essentials Group (TGE) for an aggregate US$209,766,000, with TGE paying entirely in newly issued shares, according to a joint announcement by AMTD IDEA Group, AMTD Digital and TGE.
TGE issues 198,630,381 Class A shares to complete the transfer on November 2
AMTD Digital and TGE signed the Asset Transfer and Share Issuance Agreement on October 21, 2026. The transfer closed on November 2, 2026. The price also takes the assets' underlying debts into account.
TGE settled the full price with 198,630,381 new Class A ordinary shares issued to AMTD Digital. The share count was set using the 30-day volume-weighted average price of TGE stock on the New York Stock Exchange for the thirty trading days ending May 29, 2026.
Four hotels across New York, Perth, London and Kuala Lumpur move under TGE
The target assets are: