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Stock impact report

TGE Pursues the Acquisition of the 100th Ritz Carlton Hotel Globally [Yahoo! Finance]

AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) 
Company Research Source: Yahoo! Finance
IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce that TGE has entered into an agreement with the seller to acquire the Ritz Carlton Hotel, located in Perth, the vibrant capital city of Western Australia, which is the 100 th Ritz Carlton Hotel in the globe. Closing of the deal is subject to customary closing conditions. As part of a landmark development at the Elizabeth Quay, this riverfront Ritz Carlton Hotel comprises 209 luxury rooms, a restaurant and lounge, a bar, a spa complex, an infinity pool, a fitness centre and event rooms. It offers stunning views of the Swan River and Kings Park, providing guests with a contemporary interpretation of local culture, history, and cuisine, and connecting them to Perth's rich lifestyle. This acquisition represents another important step for TGE's expansion in the global hospitality sector. About AMTD Group AMTD Gr Show less Read more
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