AMTD IDEA Group (AMTD) Announces $93.6M Investment

AMTD IDEA Group (NYSE: AMTD), a subsidiary of AMTD Group Inc. and a New York and Singapore dual listed company, today announced that it has successfully entered into share subscription agreements with certain selected investors ( “Investors”). The Investors agreed to subscribe for and purchase from the Company a total of 90,000,000 newly issued Class A ordinary shares of the Company at a 21.07% premium above yesterday’s closing price. The Company will raise a total of US$93.6 million in proceeds, The Company believes the proposed investment is reflective of investors’ confidence in the Company and trust in its future prospect.

The closing of the transactions is subject to customary closing conditions.

You May Also Be Interested In

• Nucor (NUE) files mixed shelf
• Scholar Rock updates apitegromab regulatory status in U.S., Europe, Japan
• Sky Century Investment responds to OTC Markets stock promotion inquiry