Dual-listed AMTD IDEA Group's (SGX:HKB) subsidiary, World Media and Entertainment Universal and Black Space Acquisition II, have entered into a business combination agreement, according to a filing with the Singapore Exchange on Monday.
Under the agreement, World Media and Entertainment Universal will be listed on a US stock exchange.
The business combination values the subsidiary at about $488 million.
The transaction is expected to be completed in mid-2025, subject to regulatory and shareholder approvals.
Following the transaction, existing shareholders of the subsidiary and that of AMTD IDEA Group and AMTD Digital are expected to hold more than 70% of the voting share of the combined company.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。