6 stories mentioning SGX:HKBUpdated 15m ago
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AMTD Idea Group (SGX:HKB), along with AMTD Group, has agreed not to sell its stakes in The Generation Essentials Group for a period of two years, according to a Monday filing with the Singapore Exchange.The decision follows a similar commitment made by controlling shareholder AMTD Digital.
AMTD Idea's (SGX:HKB) subsidiaries, AMTD Digital and The Generation Essentials Group, completed the acquisition of a hotel in London, named Dao by Dorsett Hornsey Hotel, for $30 million, according to a Tuesday filing with the Singapore Exchange.The hotel, which comprises 68 services apartments and hotel rooms, will be renamed AMTD Dao by Dorsett Hornsey.The hotel acquisition was closed without using external financing.
AMTD Idea's (SGX:HKB) units, AMTD Digital and The Generation Essentials Group, signed definitive agreements to acquire an office tower in London for $17 million, according to a Tuesday filing with the Singapore Exchange.The acquisition of the 9,646-square-meter building is expected to be completed without using external funding.The building comprises a Grade A office and accommodation across several levels and will serve as the company's global headquarters once the acquisition is completed.
Far East Consortium International's (HKG:0035) indirect wholly-owned subsidiary CEL agreed to sell an office, a hotel, and a town hall property in the UK to New York- and Singapore-listed AMTD IDEA Group (SGX:HKB), according to a Wednesday Hong Kong bourse filing.The total consideration for the transactions was revised to about 59.5 million pounds sterling from 65.2 million pounds sterling.The office property is valued at about 12.3 million pounds sterling, while the consideration for the Town Hall and Hotel transactions remains unchanged at 24.5 million pounds sterling and 22.7 million pounds sterling, respectively, which includes repayment of the hotel loan.CEL has guaranteed a 5% to 6% profit to AMTD IDEA Group on the hotel business for two years following the deed of variation signing.
AMTD Idea (SGX:HKB) said The Generation Essentials Group has acquired super majority interests in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia, for $38 million, according to a Friday filing with the Singapore Exchange.The property comprises 129 guest rooms and serves the hospitality and lifestyle needs of global citizens and local communities.Following the acquisition, the conglomerate's hospitality portfolio is nearing 1,000 rooms.The Generation Essentials Group is a subsidiary of New York-listed AMTD Digital.
AMTD Idea (SGX:HKB) acquired a 50% stake in The Ritz-Carlton, Perth, Australia, for $72 million, according to a Friday filing with the Singapore Exchange.The hotel comprises 205 luxury rooms and features a restaurant and lounges, a bar, a spa, an infinity pool, a fitness center, and versatile event spaces, the filing said.The stake was acquired at a property valuation of $201 million.The acquisition was completed in collaboration with units, AMTD Digital and The Generation Essentials.
