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AMTD IDEA Group Class A ( (SG:HKB) ) has issued an update.
World Media and Entertainment Universal Inc. (WME), a subsidiary of AMTD IDEA Group and AMTD Digital, is set to go public through a business combination with Black Spade Acquisition II Co. This transaction values WME at approximately $488 million, with the combined company to be listed on a U.S. stock exchange and headquartered in Paris. The deal is expected to close in mid-2025, with AMTD IDEA Group and AMTD Digital retaining significant ownership. This strategic move is anticipated to bolster WME’s global market presence and aligns with its long-term growth ambitions.
More about AMTD IDEA Group Class A
AMTD IDEA Group is a diversified institution and digital solutions group, connecting companies and investors with global markets. It offers comprehensive business services and digital solutions, acting as a super connector between clients, business partners, and investors globally. Its subsidiary, AMTD Digital Inc., operates a digital solutions platform with key business lines in digital media, content and marketing services, and hospitality.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$1.43B
For an in-depth examination of HKB stock, go to TipRanks’ Stock Analysis page.
