The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, and Black Spade Acquisition II Co (BSII) announced that their proposed business combination received shareholder approval. The approval was granted at an extraordinary general meeting of Black Spade II’s shareholders on May 30, 2025.
This shareholder vote is a crucial step towards TGE's public listing on a U.S. stock exchange. The business combination values WME, which TGE was formerly known as, at an equity value of approximately US$488 million.
The successful approval paves the way for the completion of the transaction, which is expected to enhance TGE's market presence and provide strategic flexibility. This development is a significant milestone for AMTD Digital's diversified digital ecosystem, particularly its media and entertainment segment.
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