M&A - AMTD Digital Inc.

Form Type: 20-F

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025018782

Filing Summary: AMTD Digital Inc. is a Cayman Islands holding company, with operations primarily conducted through its subsidiaries. The company has transitioned its fiscal year from April 30 to October 31 as of April 2024, filing a transition report covering the six-month period ended October 31, 2023. For the fiscal year ended October 31, 2024, AMTD reported a total outstanding share count of 32,793,921 Class A ordinary shares and 65,741,346 Class B ordinary shares. Notably, the company acquired a controlling stake in World Media and Entertainment Universal Inc. in October 2024. Despite operating in competitive industries and facing a range of regulatory challenges, AMTD Digital Inc. has plans to distribute dividends in the future, although no dividends have been distributed yet given the early development stage of its businesses. The financial statements have shifted from IFRS to U.S. GAAP, reflecting adjustments for historical results. The company identifies extensive risks related to competition, regulation, and operational factors across its diversified business model, which includes digital financial services, media, and hospitality.

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