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PARIS/NEW YORK/SINGAPORE - The Generation Essentials Group (NYSE:TGE), a subsidiary of AMTD Digital (NYSE:HKD), announced today that two of its films, "My First of May" and "Atonement," are set for release in September. AMTD Digital, currently valued at $73.95 million, trades at notably low multiples according to InvestingPro data, with a P/E ratio of 1.36.
According to the company’s press release, TGE has already released five films this year, including "The Last Dance: Extended Version," "A Gilded Game," "She’s Got No Name," and the two upcoming September releases. Additional films are planned for later in 2025. Despite challenging market conditions reflected in its 45.38% revenue decline over the last twelve months, the company maintains strong liquidity with a current ratio of 10.44.
The company also provided an update on its partnership with Beijing Alibaba Pictures Culture Limited, which was first announced on February 6. TGE reported it has collaborated with Alibaba Pictures six times in the movie space since establishing the relationship. For deeper insights into AMTD Digital’s financial health and growth prospects, InvestingPro subscribers can access over 30 additional financial metrics and analysis tools.
TGE’s board has expressed commitment to expanding the company’s presence in the film and entertainment industries through strategic partnerships. The company aims to strengthen its position in both Asian and international film markets, building on its profitable operations that generated $51.04 in net income over the last twelve months.
AMTD Group serves as the parent company of TGE, with operations spanning media, entertainment, education, and hospitality sectors. TGE itself focuses on multimedia, entertainment, and cultural affairs, with a portfolio that includes media properties L’Officiel and The Art Newspaper, along with its film projects.
The information was disclosed in a company press release issued Thursday.
In other recent news, The Generation Essentials Group (TGE) has announced that its sponsored special purpose acquisition company, TGE Value Creative Solutions Corp, filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. This SPAC aims to list on the Nasdaq Stock Market, offering units that include one Class A ordinary share and one-half of one redeemable warrant. Additionally, TGE, in collaboration with Black Spade Acquisition II Co, has received approval for their business combination, with trading on the New York Stock Exchange set to begin on June 3, 2025. In other developments, AMTD IDEA Group, AMTD Digital Inc., and TGE have announced plans for a cryptocurrency conversion program. This initiative will allow holders of digital assets like Bitcoin and Ethereum to exchange them for shares in the companies. Furthermore, executive directors and core management of AMTD IDEA Group, AMTD Digital Inc., and TGE have entered into a two-year lock-up agreement for their equity holdings. These agreements prevent the sale of any equity securities in the open market, extending existing commitments.
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