NEW YORK & HONG KONG & SINGAPORE–(BUSINESS WIRE)–AMTD IDEA Group (�AMTD IDEA or the Company) (NYSE: AMTD; SGX: HKB), a subsidiary of AMTD Group Inc. and a New York and Singapore dual listed company, today announced that it has successfully entered into share subscription agreements with certain selected investors ( Investors). The Investors agreed to subscribe for and purchase from the Company a total of 90,000,000 newly issued Class A ordinary shares of the Company at a 21.07% premium above yesterdays closing price. The Company will raise a total of US$93.6 million in proceeds, The Company believes the proposed investment is reflective of investors confidence in the Company and trust in its future prospect.
The closing of the transactions is subject to customary closing conditions.
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc. (NYSE: AMTD; SGX: HKB) represents a premier Asia financial institution and digital solutions group connecting companies and investors from Asia, including China and Hong Kong as well as the ASEAN markets with global capital markets. Its comprehensive one-stop financial services plus digital solutions platform addresses different clients diverse and inter-connected financial needs and digital requirements across all phases of their life cycles. Leveraging its deep roots in Asia and its unique eco-system the AMTD SpiderNet AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on Twitter at @AMTDGroup.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, aims, future, intends, plans, believes, estimates, likely to, and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
TEL: +852 3163-3389
EMAIL: ir@amtdinc.com
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 24 December 2024 - JustMarkets…
BANGKOK, THAILAND - Media OutReach Newswire - 24 December 2024 - The Asia Corporate Excellence…
HOHHOT, CHINA - Media OutReach Newswire - 23 December 2024 - China's National Forestry and…
HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…
JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…
Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…