Jul. 16 at 9:26 PM
$TGL Soon, squeeze, very soon
Good stake in
$HKD, NFA
Launch of New
$10 Million Buyback Program
The Generation Essentials Group (TGE)—AMTD Digital’s premium lifestyle, entertainment, and hotel subsidiary—formally authorized a brand new share repurchase program of up to US
$10 million.
Funding: The buybacks are funded entirely out of the company's existing cash balances.
Execution: Shares will continue to be bought up dynamically in the open market, through privately negotiated transactions, or via block trades under SEC Rule 10b-18 and Rule 10b5-1.
3. Management's Stated Rationale & Short Seller Target
The boards of directors across the AMTD conglomerate explicitly noted that their current stock prices are severely undervalued relative to their total asset values. For instance, following TGE's massive global hotel acquisitions, TGE's total assets climbed to roughly US
$1.7 billion, leaving its stock trading at a sharp discount.
