NEW YORK & HONG KONG & SINGAPORE, February 23, 2022–(Business enterprise WIRE)–AMTD Global Inc. (“AMTD Global” or the “Business” or “AMTD Plan Team“) (NYSE: AMTD SGX: HKB), a subsidiary of AMTD Team Business Constrained (“AMTD Team“) and a top system for detailed economic providers and digital remedies, declared right now that it has efficiently done the acquisition of a greater part stake in AMTD Electronic Inc. (“AMTD Electronic“). The businesses of AMTD Global and AMTD Electronic are proficiently put together as just one shown platform – AMTD Concept Group, upon the productive adoption of the proposed identify alter as earlier introduced on January 20, 2022, matter to an incredible common assembly to be carried out on March 1, 2022. AMTD Notion Team is dual-shown on two major world-wide stock exchanges, particularly NYSE and SGX.
On completion of the acquisition, the Enterprise owns 97.1% of the issued and remarkable shares, and 99.9% of the total voting energy, of AMTD Electronic, and AMTD Digital results in being a consolidated subsidiary under AMTD Plan Group. Dr. Timothy Tong, Chairman of the Board of Administrators of AMTD Digital, carries on to provide as the Chairman for AMTD Electronic. In addition, Dr. Tong will join the Company’s Board of Administrators as an unbiased director and provide as the chairman of the payment committee, and a member of the audit committee and the nominating and corporate governance committee, of the Board of Directors. Mr. Yu Gao, an independent director and vice chairman of the Board of Directors of the Business, retired with outcome from February 23, 2022. Mr. Gao served as a member of the Board of Administrators of AMTD Group overall for about 7 many years considering that October 9, 2014 and as a member of the Board of Directors of the Enterprise because its inception. Mr. Gao will keep on to serve as an independent director at AMTD Team and will join the Board of Directors of L’Officiel SAS Inc. on the closing of the Company’s acquisition of L’Officiel Inc. SAS.
About AMTD International Inc.
AMTD International Inc., also recognised as AMTD Notion Group (NYSE: AMTD SGX: HKB), signifies a premier Asia fiscal establishment and electronic solutions group connecting organizations and buyers from Asia, such as China and Hong Kong as well as the ASEAN marketplaces with global funds marketplaces. Its in depth one-prevent fiscal providers additionally electronic answers platform addresses distinctive clients’ diverse and inter-connected economical desires and digital demands across all phases of their everyday living cycles. Leveraging its deep roots in Asia and its one of a kind eco-technique — the “AMTD SpiderNet” — the Company is uniquely positioned as an energetic super-connector among clientele, organization associates, investee providers, and buyers, connecting the East and the West. For extra facts, remember to go to www.amtdinc.com or comply with us on Twitter at “@AMTDGroup.” For the Company’s announcements, please pay a visit to http://ir.amtdinc.com/News.
Safe Harbor Assertion
This press release is made up of statements that might represent “ahead-seeking” statements pursuant to the “risk-free harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-wanting statements can be identified by terminology these as “will,” “expects,” “anticipates,” “aims,” “long run,” “intends,” “designs,” “believes,” “estimates,” “very likely to,” and comparable statements. Statements that are not historical specifics, together with statements about the Company’s beliefs, options, and expectations, are ahead-looking statements. Forward-seeking statements include inherent risks and uncertainties. Even further info relating to these and other challenges is provided in the Company’s filings with the SEC. All details supplied in this push release is as of the day of this push release, and the Firm does not undertake any obligation to update any ahead-hunting statement, other than as demanded less than applicable legislation.
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AMTD IR business ([email protected])
AMTD International Inc.