AMTD executives enter 2-year lock-up agreement across listed entities

PARIS/NEW YORK/SINGAPORE - Executive directors and core management of AMTD IDEA Group (NYSE:AMTD; SGX:HKB), AMTD Digital Inc. (NYSE:HKD), and The Generation Essentials Group (NYSE:TGE) have entered into voluntary lock-up agreements for all their equity holdings, according to a statement released Wednesday. AMTD IDEA Group, currently valued at $73 million, has seen its shares surge over 12% in the past week and trades at a notably low Price-to-Book ratio of 0.05.

The lock-up agreements prevent the sale of any equity securities in the open market for two years, extending existing commitments to include the core management team and TGE. This follows a previously announced three-year lock-up by AMTD Group, AMTD IDEA Group, and AMTD Digital regarding their TGE equity securities from June 3, 2025. According to InvestingPro, AMTD maintains strong financial health with a current ratio of 10.44, indicating robust liquidity position. Subscribers can access 6 additional key insights about AMTD’s financial performance.

AMTD IDEA Group operates as a diversified institution and digital solutions platform connecting companies with global markets. AMTD Digital functions as a comprehensive digital solutions platform headquartered in France, while TGE focuses on multi-media, entertainment, cultural affairs, and hospitality services. The company maintains profitability with a P/E ratio of 1.39, suggesting potential undervaluation relative to peers.

The lock-up agreements affect all three NYSE-listed entities, with AMTD IDEA Group also maintaining a listing on the Singapore Exchange. AMTD IDEA Group serves as a subsidiary of AMTD Group, while AMTD Digital operates as a controlled subsidiary of AMTD IDEA Group, and TGE functions as a controlled subsidiary of AMTD Digital.

The announcement comes after TGE completed its business combination with Black Spade Acquisition II Co. on June 3, 2025.

The information is based on a press release issued by the companies.

In other recent news, The Generation Essentials Group announced plans for a cryptocurrency conversion program in collaboration with AMTD IDEA Group and AMTD Digital Inc. This initiative will allow holders of cryptocurrencies like Bitcoin and Ethereum to exchange their digital assets for shares in these companies. Additionally, The Generation Essentials Group has made a move in the financial markets by sponsoring a special purpose acquisition company (SPAC), TGE Value Creative Solutions Corp, which has filed for an initial public offering with the U.S. Securities and Exchange Commission. This SPAC intends to list its units on the Nasdaq Stock Market.

Further developments include The Generation Essentials Group’s collaboration with Black Spade Acquisition II Co, with a merger approved by Black Spade II’s shareholders. The merger is set to be finalized on June 3, 2025, after which TGE’s Class A ordinary shares and warrants will trade on the New York Stock Exchange. These recent activities highlight The Generation Essentials Group’s strategic efforts to expand its financial and operational footprint.

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