AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”), alongside with
AMTD Group Inc. (“AMTD Group”) and AMTD IDEA Group (NYSE: AMTD;
SGX: HKB) (“AMTD IDEA”), through AMTD World Media and Entertainment
Group, together as “AMTD”, announced that the previously announced
acquisition of The Art Newspaper globally through several phases of
transaction processes has been closed successfully, being an
important part of AMTD’s overall initiatives and strategic roadmap
to develop global media and entertainment businesses to becoming
one of the core pillars of AMTD Group under the “IDEA” strategy.
Last year, AMTD announced the successful acquisition of 100% of
L’Officiel SAS Inc. globally, a more than 100-years old and world
leading fashion media group to encompass businesses across 30
countries on a worldwide basis.
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Dr. Calvin Choi, global chairman of AMTD Group and L’Officiel
Inc SAS and founder of AMTD IDEA and AMTD Digital will serve as the
global chairman of The Art Newspaper; Mr. Mark Lo, chief executive
officer and executive director of AMTD Digital, will serve as a
board member of The Art Newspaper; while Dr. Feridun Hamdullahpur,
an independent director of AMTD, will serve as an independent board
member of The Art Newspaper.
The Art Newspaper is world leading and authoritative art media
company that covers the international art world since 1990. Its
unrivalled news and events coverage is fed by a network of
international editions, altogether connecting with more than 50
correspondents working in more than 30 countries, with editorial
offices in Paris, Moscow and China.
The Art Newspaper enjoys world renowned reputation as the
journal of record for the art world, and the bible of the art
industry. It also publishes reviews and commentary by major players
in the art scene. In addition to a 100-plus-page monthly print
edition, The Art Newspaper provides a daily online news service, as
well as a daily newsletter and weekly podcast. It also produces
special daily editions at the Art Basel fairs in Basel, Miami Beach
and Hong Kong and at the Frieze fairs in London, Los Angeles and
New York, to name a few. The Art Newspaper is also known for its
in-depth reports on annual museum attendance figures and the year's
forthcoming exhibitions compiled in The Year Ahead magazine.
Dr. Calvin Choi commented, “The Art Newspaper represents the top
standard and official voice and records for the art world. The
successful acquisition will allow us to focus on long-term value
creation and develop more diversities with our larger footprint in
the global media and culture world, further solidate our leadership
position to deliver comprehensive cultural insights and VIP
experiences to our clients and business partners.”
Mark Lo commented, “We are pleased to conclude the acquisition
of Art Newspaper and will continue to pursue our expansionary plan
in the world multi-media space. With the inclusion of a world class
leading Art media, we believe our digital transformation strategy
will cope well alongside with our expansion into leading media
titles to tap into areas including fashion, art and entertainment
segments.”
About AMTD Group
AMTD Group is a conglomerate with core businesses to span across
financial services, digital solutions, media and entertainment,
education and training, and premium assets and hospitality
services.
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc.
(NYSE: AMTD; SGX: HKB) represents a diversified institution and
digital solutions group connecting companies and investors with
global capital markets. Its comprehensive one-stop business
services plus digital solutions platform addresses different
clients’ diverse and inter-connected business needs and digital
requirements across all phases of their life cycles as well as
hospitality and VIP services. Through our unique eco-system — the
"AMTD SpiderNet" — AMTD IDEA Group is uniquely positioned as an
active superconnector between clients, business partners, investee
companies, and investors, connecting the East and the West. For
more information, please visit www.amtdinc.com or follow us on
Twitter at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital
solutions platform headquartered in France. Its one-stop digital
solutions platform operates four main business lines including
digital solutions services, digital media, content and marketing
services, digital investments as well as hospitality and VIP
services. It is the fusion reactor at the core of the AMTD
SpiderNet ecosystem and empowers and integrates the various digital
businesses within its ecosystem. For AMTD Digital’s announcements,
please visit https://ir.amtdigital.net/investor-news.
About AMTD World Media and Entertainment Group
AMTD World Media and Entertainment Group is jointly setup by
AMTD Group, AMTD IDEA Group and AMTD Digital Inc., headquartered in
France, to embark and focus on global strategies and developments
of a multi-media, entertainment and cultures worldwide platform,
AMTD WME will comprise of L’Officiel Inc. SAS, The Art Newspaper,
DigFin, various movie and entertainment projects and L’Officiel
Coffee, etc in its business portfolio.
About The Art Newspaper
The Art Newspaper, founded in 1990 is an online and print
publication that covers the international art world. The Art
Newspaper Group headquarters is currently in London. Its unrivalled
news and events coverage is fed by a network of sister editions,
which together have more than 50 correspondents working in more
than 30 countries, with editorial offices in Paris, Moscow and
Shanghai.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward- looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the beliefs, plans, and expectations of
AMTD IDEA Group and AMTD Digital Inc., are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in the filings of AMTD IDEA Group and AMTD Digital Inc.
with the SEC. All information provided in this press release is as
of the date of this press release, and AMTD IDEA Group and AMTD
Digital Inc. do not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231020425049/en/
For AMTD IDEA Group: IR Office AMTD IDEA Group EMAIL:
ir@amtdinc.com For AMTD Digital Inc.: IR Office AMTD Digital Inc.
EMAIL: ir@amtdigital.com
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