TGE launches $10M share buyback as AMTD Digital agrees to 2-year lock-up

The Generation Essentials Group (NYSE: TGE; LSE: TGE) said its board of directors has approved a share repurchase program allowing the company to buy back up to $10 million of its ordinary shares.

According to a press release, repurchases may be conducted through open market transactions, privately negotiated deals, block trades, or other legally permissible means, subject to Securities and Exchange Commission Rule 10b-18 and Rule 10b5-1 requirements. TGE said it plans to fund the buybacks from its existing cash balance.

Separately, TGE's controlling shareholder, AMTD Digital Inc. (NYSE: HKD), along with the company's directors and management, voluntarily agreed not to sell any TGE shares for two years from the date of the announcement.

TGE said that following the completion of several hotel acquisitions, its total asset value is approximately $1.7 billion, representing a 17.7% increase over the audited total asset value as of December 31, 2025. Net assets are expected to approximate $971 million, a 15.8% increase over the audited year-end figure.

The board stated it believes TGE's shares are trading at a significant discount relative to the company's net asset and total asset values per share.

TGE is a subsidiary of AMTD Digital Inc. and was jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB), and AMTD Digital. The company is headquartered in France and operates media, entertainment, and hospitality businesses, including L'Officiel and The Art Newspaper.

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