1. TGE reports successful growth in the hospitality sector for 2025. 2. TGE completed de-SPAC with Black Spade Acquisition and listed on NYSE. 3. Total assets of TGE reached approximately $1.6 billion. 4. Net assets increased by 29.8% in the last six months. 5. AMTD companies thank shareholders and predict a successful year ahead.
FAQ
Why Bullish?
The impressive asset growth of TGE indicates strong performance. Similar past successes have positively influenced AMTD's stock price.
How important is it?
The article discusses strategic growth and asset increases in TGE, impacting AMTD directly. Investor perception may improve due to TGE's performance and indicated potential.
Why Long Term?
The growth trajectory reflects sustainable business practices, likely impacting stock performance over time. Past results in hospitality-related growth have shown prolonged positive effects.
PARIS, LONDON and NEW YORK, Dec. 31, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE:AMTD, SGX: HKB)), AMTD Digital Inc. (NYSE:HKD) and The Generation Essentials Group (", TGE", , NYSE:TGE, LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce on the last day of 2025 that TGE has enjoyed a fruitful and successful year, particularly in the hospitality sector.
In June of this year, TGE completed its de-SPAC business combination with Mr. Lawrence Ho's Black Spade Acquisition II Co and made its debut on the New York Stock Exchange. Building on the successful de-SPAC and the public listing of TGE, TGE has experienced continuous growth, particularly in its hospitality sector where it has effectively executed three SPAs for the acquisition of hotels in key cities around the globe, including locations in New York, Australia, and Malaysia.
On a pro forma basis, taking into account the three executed SPAs, TGE's total assets increased by 24.6%, while net assets grew by 29.8% over the past six months. This growth has led TGE's total assets and net assets on a pro-forma basis to reach approximately US$1.6 billion and US$1.1 billion, respectively. Closing under each of the three SPAs is subject to customary closing conditions.
We take this opportunity on the 31st of December to thank each shareholder for their support and wish everyone a happy new year and a very successful year ahead.
About AMTD Group
AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.
About AMTD IDEA Group
AMTD IDEA Group (NYSE:AMTD, SGX: HKB)) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector 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 X (formerly known as "Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE:HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.
About The Generation Essentials Group
The Generation Essentials Group (NYSE:TGE, LSE: TGE)), jointly established by AMTD Group, AMTD IDEA Group (NYSE:AMTD, SGX: HKB)) and AMTD Digital Inc. (NYSE:HKD), 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. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.
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, AMTD Digital and/or The Generation Essentials 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, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact:
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com
For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net
For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media
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SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group