AMTD News | AMTD Int’l Acquires AMTD Digital to Enter Metaverse
AMTD International Inc. (“AMTD International” or the “Company” or “AMTD IDEA Group”) announced that it has entered into share purchase agreements (the “Share Purchase Agreements”) with certain shareholders of AMTD Digital Inc. (“AMTD Digital”), including certain strategic investors, institutional shareholders, and AMTD Group.
With the acquisition, AMTD International will encompass a comprehensive suite of financial services infrastructure and licences; a one-stop digital solutions’ platform in Asia with global reach, spanning digital media, contents and marketing, including L’Officiel Inc SAS being a global fashion media group, and digital ecosystems comprising of an extensive network of ecosystem members and alliance partners, all of them working closely and / or in partnership with AMTD Group to enter into the Metaverse and deliver our comprehensive one-stop solutions to encompass financial services, digital tools and channels, art, culture and entertainment areas etc.
Mr. Cai Wensheng, Founder of Longling Capital, a shareholder of AMTD International, said, “I am so thrilled to witness the successful launch of the most comprehensive AMTD IDEA Group comprising of AMTD International, AMTD Digital plus L’Officiel global. AMTD IDEA embraces financial services, digital transformation, media and cultural, all bonded together as a seamless one stop service platform. In my opinion, Web 3.0 represents a critical juncture in human development, which offers borderless opportunities beyond any boundaries for those who are well prepared for such tremendous moments!”
Mr. William Fung, Chief Executive Officer of the Company , commented, “Since the listing of AMTD International on the NYSE in August 2019, we have seen the world greatly impacted by the still on-going pandemic and the global financial markets coming under immense pressure. Changes and adaptation are implemented to the way we conduct business and manage operations, which are crucial to maintaining a sustainable business under the ‘new normal.’ More importantly, digital innovation and transformation are becoming a necessity. The growth and application of FinTech are leading to many new business opportunities. The birth of AMTD IDEA Group by combining the already established AMTD International’s financial services capabilities and network, with AMTD Digital’s future-shaping ideas and tools is the natural next progressive phase, as we strive to continue to innovate and provide enhanced solutions to the ever-evolving needs of our clients. I am proud and committed to working seamlessly and collaboratively with the enlarged management team of AMTD IDEA Group to deliver the best operational and financial results to the Board, our shareholders and our staff, as well as the best-in-class innovative services to our clients and business partners.” Mr. Mark Lo, Chief Executive Officer of AMTD Digital , commented, “We believe the acquisition is a highly strategic one and has served as another major milestone for AMTD, which creates significant value to both our company and relevant stakeholders, and establishes our most solid foundation to enter and navigate successfully in the Metaverse！”
Mr. Wei Zhe, Chairman and Founding Partner of Vision Knight Capital , a shareholder of AMTD International, added, “I am very pleased that Vision Knight Fund has participated in the growth of AMTD International at all stages, from its listing in the United States two years ago to the subsequent dual listing in Singapore, to today's acquisition of AMTD Digital and L'Officiel, a leading global fashion media group. The new AMTD IDEA Group has morphed into a one-stop platform including financial institution license, digital tools and art culture.”
Dr. Feridun Hamdullahpur, Chairman of the Board of Directors of the Company, commented, “This important and strategic acquisition of AMTD Digital will significantly elevate the comprehensive business and investment platform capability of the entire AMTD family. This will further demonstrate that the newly consolidated AMTD IDEA Group’s strengths and influence, and AMTD IDEA will be much greater than the sum of AMTD International, AMTD Digital and L’Officiel Inc SAS. This is an exciting moment for the AMTD Family.”
Dr. Timothy Tong, Chairman of the Board of Directors of AMTD Digital , commented, “This acquisition by AMTD International, which is listed on both the NYSE and SGX, will create synergistic opportunities under a broader umbrella and result in enhanced values for all stakeholders involved in the transaction.”
