AMTD IDEA Group Announces Dividend Plan to Distribute Shares of Listed Subsidiaries

AMTD IDEA Group (NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group Inc., today announced that it plans to declare and distribute stock dividends by way of shares of its listed subsidiaries to shareholders and holders of American depositary shares of AMTD IDEA Group (the "Proposed Distribution"). Since its initial public offering on the NYSE in 2019, AMTD IDEA Group has expanded its operations and businesses significantly, evolving into the parent company of various other listed entities. A key subsidiary, AMTD Digital Inc. (NYSE: HKD) – a comprehensive digital solutions platform headquartered in France that provides a one-stop digital solutions platform – consummated its initial public offering on the NYSE in 2022. The Generation Essentials Group (NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., consummated its business combination with Black Spade Acquisition II Co (Nasdaq: BSII), a special purpose acquisition company ("SPAC"), in June 2025 and is currently listing its shares and warrants on the NYSE and NYSE American, respectively. The Generation Essentials Group is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services, comprising L'Officiel, The Art Newspaper, movie and entertainment projects. As part of its growth strategy, AMTD IDEA Group has also established an initiative to sponsor and control SPACs, with the intention that these vehicles will raise capital from public markets and subsequently acquire operating businesses through business combinations. In furtherance of this strategy, The Generation Essentials Group has acted as the sponsor of TGE Value Creative Solutions Corp, a SPAC which successfully completed its initial public offering of 15,000,000 units at $10.00 per unit on the NYSE on December 23, 2025, resulting in gross proceeds of $150,000,000. Whether any Proposed Distribution will be made, and the record date, timing, form and amount of the Proposed Distribution, are subject to further deliberation and determination of the board of directors of AMTD IDEA Group. Factors that may be considered include, but are not limited to, the performance of AMTD IDEA Group and the relevant listed subsidiaries and the overall market conditions. The Proposed Distribution remains in an exploratory stage and is subject to uncertainties; there can be no assurance that any Proposed Distribution will be made.... Read more