AMTD IDEA Group controlling shareholder enters two-year lock-up agreement

AMTD Group Inc., the controlling shareholder of AMTD IDEA Group (NYSE: AMTD), has entered into a voluntary lock-up arrangement regarding its equity holdings in the company, according to a press release statement.

Under the agreement, AMTD Group has committed not to sell any of its equity securities in AMTD IDEA Group on the open market for two years starting from the announcement date. AMTD IDEA Group trades on both the New York Stock Exchange and Singapore Exchange.

The lock-up follows a similar arrangement announced in August, when executive directors and core management of AMTD IDEA Group, AMTD Digital Inc. (NYSE: HKD), and The Generation Essentials Group (NYSE: TGE) entered into voluntary two-year lock-up agreements for their holdings in all three companies.

AMTD IDEA Group operates as a diversified institution and digital solutions group. The company reported expectations for its hotel room count to exceed 1,000 units, including existing managed properties and recently announced deals subject to completion.

The parent company AMTD Group operates across media and entertainment, education and training, and premium assets and hospitality sectors.

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