AMTD Digital accepted 198.6 million newly issued shares in AMTD Group as payment for four hotel assets, Schedule 13D shows
A Schedule 13D filed on 6 November 2026 shows AMTD Group Inc. issued 198,630,381 new Class A shares to AMTD Digital Inc. on 2 November 2026 to settle a $209,766,000 hotel asset transfer, taking the Reporting Persons' stake above the 2% threshold that triggered the filing.
Written and published automatically by the Loro Intelligence Engine from public records. No editor reviewed this before publication.
A Schedule 13D filed on 6 November 2026 shows AMTD Group Inc. issued 198,630,381 newly issued Class A Ordinary Shares to AMTD Digital Inc. on 2 November 2026 to pay for four hotel assets (the AMTD IDEA Tribeca Hotel, a 50% interest in the Ritz-Carlton Perth hotel operations, and the Regalia Kuala Lumpur and Dao By Dorsett North London hotel entities) valued at an aggregate US$209,766,000, which to
- Filing date
- 6 November 2026, Schedule 13D
- Shares issued to AMTD Digital
- 198,630,381 newly issued Class A Ordinary Shares, issued 2 November 2026
- Aggregate purchase price for hotel assets
- US$209,766,000
- Ownership trigger
- more than 2% of outstanding Class A Ordinary Shares acquired in preceding 12 months
- Pricing basis for shares
- 30-day volume-weighted average price for the 30 trading days ending 29 May 2026
AMTD Group Inc. issued 198,630,381 newly issued Class A Ordinary Shares to AMTD Digital Inc. on 2 November 2026, according to the Schedule 13D filed jointly by AMTD Group Inc., AMTD IDEA Group and AMTD Digital Inc. on 6 November 2026. The filing states the Reporting Persons acquired beneficial ownership during the preceding 12 months of more than 2% of the Issuer's outstanding Class A Ordinary Shares as a result, which is why the statement was filed.
The filing explains the share issuance arose from an Asset Transfer and Share Issuance Agreement dated 21 October 2026, under which AMTD Digital transferred to AMTD Group its interests in four hotel assets: the AMTD IDEA Tribeca Hotel, a 50% equity interest in the hotel operations of the Ritz-Carlton, Perth, and 100% of the share capital of the entities holding the hotel operations of Regalia Kuala Lumpur and Dao By Dorsett North London. The aggregate purchase price was US$209,766,000, satisfied in full by the share issuance, which the filing says was priced using the 30-day volume-weighted average price of AMTD Group's shares on the New York Stock Exchange for the thirty trading days ending 29 May 2026.
The Schedule 13D describes AMTD Group Inc. as a British Virgin Islands company operating across financial services, digital solutions, media and culture, education and training, and premium assets and hospitality. It states AMTD IDEA Group, a Cayman Islands company listed on the New York Stock Exchange and the Singapore Exchange, is controlled by AMTD Group Inc., and that AMTD Digital Inc., a Cayman Islands company listed on the New York Stock Exchange, is controlled by AMTD IDEA Group. All three Reporting Persons share a principal business address at 66 rue Jean-Jacques Rousseau, 75001 Paris, France.
Item 4 of the filing states that, except as described in the Asset Transfer Agreement, none of the Reporting Persons has present plans or proposals to acquire additional securities of the Issuer, but that each intends to review its shareholding regularly and may, alone or as part of a group, acquire additional securities, dispose of securities, or take other action described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The filing does not state the percentage stake the Reporting Persons held after the 2 November 2026 issuance.
Primary sources
1 recordEvery factual claim above is drawn from these records. Each link resolves to the publisher’s own copy.