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Stock impact report

AMTD Digital's Subsidiary TGE Executed SPA to Acquire Upper View Regalia Hotel in Kuala Lumpur, Malaysia [Yahoo! Finance]

The Generation Essentials Group Class A Ordinary Shares (TGE) 
Last the generation essentials group class a ordinary shares earnings: 8/2 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE & LSE: TGE), a subsidiary of AMTD Digital Inc., announce jointly that TGE has entered into a sale and purchase agreement ("SPA") to purchase an 80% stake in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia. The aggregate consideration of the transaction is HK$300 million (equivalent to approximately US$38.6 million), following specific terms and conditions of the SPA. Closing of the acquisition is subject to customary closing conditions. Upper View Regalia Hotel is strategically situated in the heart of Kuala Lumpurs vibrant commercial and business district, providing convenient pedestrian access to both Sunway Putra Mall and the Putra World Trade Centre. The hotel comprises over 129 rooms and a range of amenities, including a fully equipped gym, a library, and a stunning rooftop Infinity Pool, and an award-winning restaurant. The addition of Upper View Regalia Hotel further strengthens TGE's global hospital Show less Read more
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