AMTD IDEA, AMTD Digital and TGE Jointly Announce the Injection of Four Premium Hotel Assets into TGE
AMTD IDEA Group, AMTD Digital and TGE completed the injection of four premium hotel assets into TGE for an aggregate price of US$209,766,000, settled entirely in 198,630,381 newly issued TGE shares. The assets include 100% of the AMTD IDEA Tribeca Hotel, 50% of Ritz-Carlton Perth operations, 100% of AMTD Dao By Dorsett Hornsey London and 80% of Upper Regalia Kuala Lumpur; the transfer simultaneously discharged US$209,766,000 of indebtedness owed by AMTD IDEA to AMTD Digital. The deal is a related-party consolidation within the AMTD group: after closing, AMTD IDEA beneficially owns 95.6% of TGE with 96.7% of voting power.
Key figures
- Deal Value Usd
- 209766000
- Shares Offered
- 198630381
- Debt discharged
- 209766000
- Amtd idea tge voting
- 96.7%
- Consideration shares
- 198630381
- Amtd digital tge voting
- 91.1%
- Amtd digital tge ownership
- 88.2%
- Amtd idea tge beneficial ownership
- 95.6%
AI analysis
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