THE following company saw new developments that may affect trading of its securities on Wednesday (Aug 17):
AMTD Idea Group: FINANCIAL institution AMTD Group will inject 100 per cent of the equity interest in AMTD Assets Group, with a fair market value of approximately US$500 million, into its subsidiary AMTD Idea Group, said a Tuesday (Aug 16) bourse filing.
AMTD Assets, AMTD Group’s global real estate arm, holds a global portfolio of premium whole building properties, which includes Dao by Dorsett AMTD Singapore as well as properties in Hong Kong and Canada.
The net purchase consideration amounted to US$268 million, after deducting the outstanding liabilities associated with the properties, said the announcement. The consideration will be settled by the issuance of about 30.9 million newly issued Class B ordinary shares of AMTD Idea Group, at US$8.68 per share.
Singapore Airlines Group: For the first time since the COVID pandemic, Singapore Airlines Group was able to fly more than two million passengers.
According to its latest operating results, the group carried a total of 2,083,500 passengers in July. Of the total number of passengers, 1,470,600 flew in Singapore Airlines, whilst the remaining 612,900 flew in Scoot.
Comparing the July figure to June, the number of passengers was 7.5% higher.
Frasers Property: Thai Beverage Company Limited, through its subsidiaries Open Innovation Co., Ltd. and Mee Chai Mee Chok Co., Ltd., have entered into a joint venture agreement with Frasers Property Holdings (Thailand) Co., Ltd., and Frasers Property Technology (Thailand) Co., Ltd., to establish Must Be Company Limited in Thailand.
Frasers Property’s two subsidiaries will own a 50% stake in the new company whilst Thai Bev’s subsidiaries will own the remaining 50%.
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