Business
TGE Announces a Hotel Buyout Deal in 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: TGE), a subsidiary of AMTD Digital Inc., jointly announce that TGE has entered into a definitive agreement with the seller to acquire a hotel in Kuala Lumpur. Closing of the deal is subject to customary closing conditions.
About this update from The Generation Essentials Group
[{"type":"text","content":"PARIS, NEW YORK and SINGAPORE, Nov. 13, 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), a subsidiary of AMTD Digital Inc., jointly announce that TGE has entered into a definitive agreement with the seller to acquire a hotel in Kuala Lumpur. Closing of the deal is subject to customary closing conditions.","length":455,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":361,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/f641b880d97c1d555679b49f6ddba774"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E3suG0HXyTj2PgMxvjRk_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc4MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f641b880d97c1d555679b49f6ddba774","width":361,"height":400}},"href":"https://mma.prnewswire.com/media/2822409/KL_1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Located in Kuala Lumpur's main commercial and business district, the hotel is connected via a link bridge to Sunway Putra Mall and the Putra World Trade Centre. It offers 135 hotel rooms, a fully equipped gym, a library, and a rooftop infinity pool on the 37th floor that provides stunning, panoramic views of the Kuala Lumpur city centre skyline.","length":351,"tagName":"p"},{"type":"text","content":"This acquisition marks another milestone for TGE in its global hospitality expansion, following its recently announced entry into United States and Australia.","length":168,"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","content":"About AMTD IDEA Group","length":21,"tagName":"p"},{"type":"text","content":"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...