AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, announce jointly that TGE has entered into a sale and purchase agreement, SPA, to purchase an 80% stake in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia. The aggregate consideration of the transaction is HK$300 million, equivalent to approximately $38.6M, following specific terms and conditions of the SPA. Closing of the acquisition is subject to customary closing conditions.
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