HONG KONG (dpa-AFX) - The Generation Essentials Group. (TGE) announced intention to implement a business expansion and acquisition strategy in sectors with strategic adjacency. The company may take the form of TGE sponsoring and listing a series of special purpose acquisition companies, which then seeks to conduct various de-SPAC business combinations with to-be-identified acquisition targets, each represents a platform extension. The company noted that potential areas of focus will be in the media, entertainment, and streaming platforms.
The Generation Essentials Group, jointly established by AMTD Group, AMTD IDEA Group (AMTD) and AMTD Digital Inc. (HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects.
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