Business
AMTD Digital's Subsidiary TGE Executed SPA to Acquire Upper View Regalia Hotel in Kuala Lumpur, Malaysia
AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE & LSE: TGE), a subsidiary of AMTD Digital Inc., 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.
About this update from The Generation Essentials Group
[{"type":"text","content":"PARIS and NEW YORK and LONDON, Dec. 15, 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 & LSE: TGE), a subsidiary of AMTD Digital Inc., 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.","length":463,"tagName":"p"},{"type":"text","content":"The aggregate consideration of the transaction is HK$300 million (equivalent to approximately US$38.6 million), following specific terms and conditions of the SPA. Closing of the acquisition is subject to customary closing conditions.","length":234,"tagName":"p"},{"type":"text","content":"Upper View Regalia Hotel is strategically situated in the heart of Kuala Lumpurs vibrant commercial and business district, providing convenient pedestrian access to both Sunway Putra Mall and the Putra World Trade Centre. The hotel comprises over 129 rooms and a range of amenities, including a fully equipped gym, a library, and a stunning rooftop Infinity Pool, and an award-winning restaurant.","length":396,"tagName":"p"},{"type":"text","content":"The addition of Upper View Regalia Hotel further strengthens TGE's global hospitality offerings. This acquisition in Kuala Lumpur also marks TGE's fourth major hotel project of the year, reaffirming the company's commitment to expanding its global footprint with premium properties in key markets around the world.","length":326,"tagName":"p"},{"type":"text","content":"As of the date of this announcement, the hotel portfolio of TGE (including those with executed SPAs pending completions) consists of six properties located in major cities worldwide, offering over 800 rooms. This portfolio includes the iclub AMTD Sheung Wan Hotel in Hong Kong, Dao by Dorsett AMTD Singapore, along with recent projects in New York, London, Australia, and Malaysia.","length":381,"tagName":"p"},{"type":"text","content":"About AMTD Group","length":16,"tagName":"p"},{"type":"text","content":"AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.","length":168,"tagName":"p"},{"type":"text","conte...