AMTD Digital's First SPAC TGE Successfully Lists at $10
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Should l Buy HKD?
AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., announce jointly that TGE has successfully listed the first SPAC it sponsors, TGE Value Creative Solutions Corp, on the New York Stock Exchange. TGE Value Creative Solutions priced its initial public offering of 15M units at $10.00 per unit. Its units are listed on the NYSE under the ticker symbol "BEBE U." Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "BEBE" and "BEBE WS," respectively. "TGE Value Creative Solutions may pursue an acquisition or a business combination with a target in any business or industry but is primarily focused on identifying and acquiring businesses within the media, digital media, entertainment, high fashion, lifestyle, culture, and gaming sectors, which are in line with TGE's core business," the companies stated.
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About HKD
AMTD Digital Inc. is a comprehensive digital solutions platform company. The Company’s one-stop digital solutions platform operates four main business lines, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, as well as digital investments. The digital financial service provides a cross-market and intelligent digital financial services platform with the multi-sector scarce digital financial licenses in Asia. Its digital media, content, and marketing business creates a one-stop multimedia platform promoting digital solutions content. The SpiderNet ecosystem solutions serve as a connector and digital accelerator for Asia-based entrepreneurs and corporates by connecting to resources and technologies. The Company’s investment portfolio includes Appier, DayDayCook, and WeDoctor. Appier is an artificial intelligence technology company that aims to provide artificial intelligence-based solutions for precision marketing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
China's First National Security Film Set for Release
- Film Premiere Date: TGE's new film 'Scare Out' is set to debut on February 17, 2026, in China and several other countries, marking a significant milestone as China's first national security-themed film, which is expected to attract a large audience and enhance market interest in related companies.
- Social Media Buzz: The promotional materials for the film have generated substantial attention on social media, reaching a total audience of 2.47 billion, with its related hashtag garnering 1.18 billion views on Douyin, indicating strong market potential and viewer anticipation that could drive box office revenue.
- International Release Strategy: The film will be released in Hong Kong and Macau on February 28, with plans to expand to more countries and regions, and this international distribution strategy is likely to enhance brand influence and broaden global market reach.
- Production Team Credentials: Directed by renowned filmmaker Zhang Yimou and featuring a star-studded cast including Jackson Yee, the strong production team and celebrity appeal are expected to further enhance the film's attractiveness, likely resulting in positive impacts on AMTD and its subsidiaries' business development.
See More
China's First National Security Film Set for Release
- Film Premiere Date: TGE's new film 'Scare Out' is set to debut during the 2026 Lunar New Year, specifically on February 17 in China and various countries, with Hong Kong and Macau following on February 28, marking a significant innovation in China's national security-themed cinema.
- Star-Studded Cast: Directed by renowned filmmaker Zhang Yimou, the film features a stellar lineup including Jackson Yee and Yilong Zhu, which is expected to attract a large audience and enhance the film's competitive edge in the market.
- Significant Promotional Impact: The film's promotional efforts have reached an impressive audience of 2.47 billion, with its related hashtag on Douyin garnering 1.18 billion views, securing the top spot on the real-time popularity chart, indicating strong market interest and potential box office appeal.
- Strategic Collaboration: AMTD serves as a co-production company for the film, with founder Calvin Choi acting as co-producer, further solidifying AMTD's position in the media and entertainment sector while laying the groundwork for future multimedia projects.
See More
AMTD Group Continues to Protect Global Intellectual Properties
- Intellectual Property Success: AMTD Group has successfully registered and protected trademarks like L'Officiel and AMTD IDEA in over 60 countries, taking legal action against various infringers, demonstrating its strong capabilities in IP protection.
- Successful Acquisition: AMTD's 100% acquisition of L'Officiel resolved significant debts incurred by previous management, ensuring the company's sustainable growth and value protection while avoiding bankruptcy risks.
- Legal Victories: AMTD has taken legal action against former licensee Geomedia SA in Moroccan courts, successfully defending its intellectual properties and further solidifying its legal standing in global markets.
- Ongoing Legal Pursuits: AMTD has filed lawsuits against the Jalou family for malicious falsehoods, showcasing the company's firm commitment to defending its reputation and brand value.
See More
AMTD Group Continues to Protect Global Intellectual Property
- Intellectual Property Success: AMTD Group has successfully registered and protected trademarks such as L'Officiel and AMTD IDEA in over 60 countries, taking legal action against various infringers, demonstrating its strong capabilities in IP protection.
- Successful Acquisition and Debt Management: AMTD acquired 100% of L'Officiel, effectively resolving legacy debts incurred by previous management, ensuring no new debts were generated post-acquisition, thus providing a stable foundation for business growth.
- Sustained Growth and Value Protection: Post-acquisition, AMTD not only preserved jobs at L'Officiel but also supported sustainable growth by timely paying debt installments, highlighting its role as a
See More
AMTD Group Sues Ex-Employee Over Defamation Related to 100% Acquisition of L'Officiel
- Legal Action: AMTD IDEA Group has filed a lawsuit against former employee Benjamin Eymere for serious defamation and misconduct, reflecting the company's strong commitment to protecting its reputation and market position.
- Acquisition Context: AMTD successfully acquired 100% of L'Officiel in 2022, funded by GEM, a $3.4 billion investment group, ensuring the brand's financial stability and further solidifying AMTD's influence in the media sector.
- Financial Health: Post-acquisition, L'Officiel has not incurred any debt and maintains a robust equity base, demonstrating the effectiveness of AMTD's investment strategy and enhancing its resilience in a competitive market.
- Ongoing Litigation: AMTD asserts it will relentlessly pursue any actions that harm its reputation, emphasizing the fairness of the law and the company's firm stance on protecting its rights, aiming to bolster investor and public trust.
See More
AMTD Group Sues Inna Bazhenova for Intimidation, Seeks HKD 773,000 in Damages
- Lawsuit Initiation: AMTD Group, along with AMTD IDEA Group and AMTD Digital, has filed a lawsuit against Inna Bazhenova and Gleb Ibragimov for intimidation and defamation, demonstrating the company's strong commitment to protecting its reputation.
- Legal Fees Ruling: The Hong Kong High Court dismissed Bazhenova's asset preservation request in June 2025 and ordered her to pay HKD 773,000 in legal fees, indicating judicial support for AMTD Group's position and strengthening its legal standing.
- Contract Violation Threat: In January 2026, Ibragimov threatened AMTD Group with contract violations and confidentiality breaches, compelling AMTD to take legal action to safeguard its business interests, reflecting vulnerabilities in the company's legal and commercial environment.
- Losses and Damages: AMTD Group has suffered losses due to the aforementioned actions, highlighting the challenges the company faces in protecting its rights while underscoring its emphasis on legal compliance and business ethics.
See More
China's First National Security Film Set for Release
- Film Premiere Date: TGE's new film 'Scare Out' is set to debut on February 17, 2026, in China and several other countries, marking a significant milestone as China's first national security-themed film, which is expected to attract a large audience and enhance market interest in related companies.
- Social Media Buzz: The promotional materials for the film have generated substantial attention on social media, reaching a total audience of 2.47 billion, with its related hashtag garnering 1.18 billion views on Douyin, indicating strong market potential and viewer anticipation that could drive box office revenue.
- International Release Strategy: The film will be released in Hong Kong and Macau on February 28, with plans to expand to more countries and regions, and this international distribution strategy is likely to enhance brand influence and broaden global market reach.
- Production Team Credentials: Directed by renowned filmmaker Zhang Yimou and featuring a star-studded cast including Jackson Yee, the strong production team and celebrity appeal are expected to further enhance the film's attractiveness, likely resulting in positive impacts on AMTD and its subsidiaries' business development.
See More
China's First National Security Film Set for Release
- Film Premiere Date: TGE's new film 'Scare Out' is set to debut during the 2026 Lunar New Year, specifically on February 17 in China and various countries, with Hong Kong and Macau following on February 28, marking a significant innovation in China's national security-themed cinema.
- Star-Studded Cast: Directed by renowned filmmaker Zhang Yimou, the film features a stellar lineup including Jackson Yee and Yilong Zhu, which is expected to attract a large audience and enhance the film's competitive edge in the market.
- Significant Promotional Impact: The film's promotional efforts have reached an impressive audience of 2.47 billion, with its related hashtag on Douyin garnering 1.18 billion views, securing the top spot on the real-time popularity chart, indicating strong market interest and potential box office appeal.
- Strategic Collaboration: AMTD serves as a co-production company for the film, with founder Calvin Choi acting as co-producer, further solidifying AMTD's position in the media and entertainment sector while laying the groundwork for future multimedia projects.
See More
AMTD Group Continues to Protect Global Intellectual Properties
- Intellectual Property Success: AMTD Group has successfully registered and protected trademarks like L'Officiel and AMTD IDEA in over 60 countries, taking legal action against various infringers, demonstrating its strong capabilities in IP protection.
- Successful Acquisition: AMTD's 100% acquisition of L'Officiel resolved significant debts incurred by previous management, ensuring the company's sustainable growth and value protection while avoiding bankruptcy risks.
- Legal Victories: AMTD has taken legal action against former licensee Geomedia SA in Moroccan courts, successfully defending its intellectual properties and further solidifying its legal standing in global markets.
- Ongoing Legal Pursuits: AMTD has filed lawsuits against the Jalou family for malicious falsehoods, showcasing the company's firm commitment to defending its reputation and brand value.
See More
AMTD Group Continues to Protect Global Intellectual Property
- Intellectual Property Success: AMTD Group has successfully registered and protected trademarks such as L'Officiel and AMTD IDEA in over 60 countries, taking legal action against various infringers, demonstrating its strong capabilities in IP protection.
- Successful Acquisition and Debt Management: AMTD acquired 100% of L'Officiel, effectively resolving legacy debts incurred by previous management, ensuring no new debts were generated post-acquisition, thus providing a stable foundation for business growth.
- Sustained Growth and Value Protection: Post-acquisition, AMTD not only preserved jobs at L'Officiel but also supported sustainable growth by timely paying debt installments, highlighting its role as a
See More
AMTD Group Sues Ex-Employee Over Defamation Related to 100% Acquisition of L'Officiel
- Legal Action: AMTD IDEA Group has filed a lawsuit against former employee Benjamin Eymere for serious defamation and misconduct, reflecting the company's strong commitment to protecting its reputation and market position.
- Acquisition Context: AMTD successfully acquired 100% of L'Officiel in 2022, funded by GEM, a $3.4 billion investment group, ensuring the brand's financial stability and further solidifying AMTD's influence in the media sector.
- Financial Health: Post-acquisition, L'Officiel has not incurred any debt and maintains a robust equity base, demonstrating the effectiveness of AMTD's investment strategy and enhancing its resilience in a competitive market.
- Ongoing Litigation: AMTD asserts it will relentlessly pursue any actions that harm its reputation, emphasizing the fairness of the law and the company's firm stance on protecting its rights, aiming to bolster investor and public trust.
See More
AMTD Group Sues Inna Bazhenova for Intimidation, Seeks HKD 773,000 in Damages
- Lawsuit Initiation: AMTD Group, along with AMTD IDEA Group and AMTD Digital, has filed a lawsuit against Inna Bazhenova and Gleb Ibragimov for intimidation and defamation, demonstrating the company's strong commitment to protecting its reputation.
- Legal Fees Ruling: The Hong Kong High Court dismissed Bazhenova's asset preservation request in June 2025 and ordered her to pay HKD 773,000 in legal fees, indicating judicial support for AMTD Group's position and strengthening its legal standing.
- Contract Violation Threat: In January 2026, Ibragimov threatened AMTD Group with contract violations and confidentiality breaches, compelling AMTD to take legal action to safeguard its business interests, reflecting vulnerabilities in the company's legal and commercial environment.
- Losses and Damages: AMTD Group has suffered losses due to the aforementioned actions, highlighting the challenges the company faces in protecting its rights while underscoring its emphasis on legal compliance and business ethics.
See More
