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AMTD International Inc. (NYSE: HKIB) announced the acquisition of a majority stake in AMTD Digital Inc. (NYSE: HKD), purchasing 31.7 million Class A and 24.2 million Class B shares for $17.75 per share, valuing AMTD Digital at $1.2 billion. Following the transaction, AMTD International will hold 97.1% of AMTD Digital's shares and 99.9% of its voting power. The acquisition, expected to close in early 2022, aims to enhance AMTD's financial services and digital solutions ecosystem, positioning the combined entity prominently in the evolving Metaverse landscape.
AMTD International Inc. (NYSE: HKIB) announced an extraordinary general meeting (EGM) on March 1, 2022, to vote on a name change to 'AMTD IDEA Group' and a ticker change to 'AMTD' effective January 31, 2022. Shareholders of record as of January 31, 2022, will be able to vote at the EGM. The proposed changes are expected not to affect shareholders' rights or the company's financial position. AMTD International has also filed its annual report for the fiscal year ended December 31, 2020, with the U.S. SEC.
AMTD International (NYSE: HKIB) announced its definitive agreement to acquire 100% of L'Officiel Inc., a global fashion media group. This acquisition enhances AMTD's strategic position in the fashion and luxury media sector and expands its market reach. L'Officiel, which recently celebrated its centenary, operates globally and reaches nearly 100 million consumers. The deal aligns with AMTD's vision to integrate innovative technologies, such as the metaverse, into its operations, marking a significant step in digital transformation and media collaboration.
AMTD International (NYSE: HKIB) has announced its acquisition of L’Officiel Inc., a global fashion media company, marking a significant strategic expansion. This move is expected to enhance AMTD's presence in the fashion and luxury sectors, with L’Officiel reaching nearly 100 million people across 80 countries and celebrating its 100th anniversary. The integration aims to drive innovation in the Metaverse, leveraging AMTD’s financial services and digital capabilities, supported by new leadership roles for L’Officiel’s CEO, Benjamin Eymère.
AMTD International (NYSE: HKIB) reported a 35.6% increase in revenue for the six months ended June 30, 2021, totaling HK$723.3 million (US$93.1 million), driven by strong investment banking activities. Profit rose by 4.3% to HK$629.7 million (US$81.1 million). Finance costs plummeted by 56.1% to HK$6.4 million (US$0.8 million) due to proactive balance sheet management. The company plans to issue 11,682,242 Class A shares for US$50 million and has secured a US$20 million credit facility for global expansion.
The Company announced the completion of a voluntary early repurchase of
AMTD International has announced its strategy to conduct a future placement of Class A Shares in Singapore. Following its secondary listing on SGX-ST on 8 April 2020, the Company has requested an extension from SGX-ST to complete this offering by 7 April 2022. The SGX-ST has indicated no objections to the extension. This move aligns with AMTD's corporate development and capital management strategy.
AMTD International Inc. (HKIB) reported strong financial results for 2020, achieving a net profit of HK$1,139 million, a 37.1% increase year-on-year. The company's total equity rose to HK$9.7 billion, with assets under management surpassing HK$26 billion, marking a record high. AMTD International played a crucial role in over 40 capital market transactions, financing approximately US$12 billion. The annual report was filed with the SEC on April 28, 2021, and is available for shareholders upon request.
AMTD International (NYSE: HKIB) announced its 2020 financial results, achieving a net profit of HK$1,139 million, a 37.1% increase year-on-year, despite the COVID-19 pandemic. Assets under management reached over HK$26 billion. The company expanded globally, completing notable transactions including IPOs and bond offerings. AMTD International also upgraded its governance structure with a majority independent board. The firm successfully launched a US$1.0 billion medium-term notes program and issued US$237.7 million in perpetual bonds, marking significant milestones in capital market activities.
AMTD International announced a joint venture, AK73 Capital, partnering with AMTD Digital, 36Kr, Airstar Digital, and Calvin Choi. This venture aims to support China's new economy by providing a comprehensive service platform focusing on strategic consulting, data analytics, and capital market services. With a mission to empower new economy businesses, AK73 Capital leverages resources from its partners to foster innovation and increase business opportunities. The initiative underscores AMTD's commitment to aiding new economy companies in navigating global capital markets.
