Monday, The Generation Essentials Group, a subsidiary of AMTD Digital Inc. (HKD) entered into a sale and purchase agreement to buy an 80 percent stake in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia for HK$300 million, equivalent to approximately $38.6 million.
The acquisition of Upper View Regalia Hotel is expected to further strengthen The Generation Essentials Group's global hospitality offerings, expanding the company's global footprint with premium properties.
In the pre-market hours, AMTD is trading at $1.08, down 4.85 percent on the New York Stock Exchange.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.