AMTD IDEA Group, AMTD Digital, And The Generation Essentials Group To Launch Share-For-Crypto Exchange Program Across NYSE And SGX Listings

Benzinga·08/19/2025 13:34:12

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AMTD IDEA Group ("AMTD IDEA Group") (NYSE:AMTD, SGX: HKB))), a NYSE and SGX-ST dual-listed company and a subsidiary of AMTD Group Inc., AMTD Digital Inc. ("AMTD Digital") (NYSE:HKD), a controlled and consolidated subsidiary of AMTD IDEA Group, and The Generation Essentials Group (NYSE:TGE), a controlled and consolidated subsidiary of AMTD Digital, jointly announced their plans to initiate a program for the respective listed company to exchange newly issued ordinary shares (including in the form of American depositary shares) of such listed company for certain cryptocurrencies (such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), USD Coin (USDC)) through transactions with interested cryptocurrency holders at mutually agreed pricing, based on prevailing market valuations and subject to applicable laws and regulations (each a "AMTD cryptocurrency conversion program").

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