AMTD Group Sues Bazhenova for Intimidation, Seeks HK$773,000 in Damages
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
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Source: Newsfilter
- Legal Action Initiated: AMTD Group has filed a lawsuit against Inna Bazhenova and Gleb Ibragimov for intimidation and malicious false statements, resulting in losses for the company, demonstrating its firm commitment to protecting its rights.
- Court Ruling: The Hong Kong High Court dismissed Bazhenova and Ibragimov's asset preservation application on June 20, 2025, ordering them to pay HK$773,000 in legal costs, which supports AMTD Group's position and strengthens its legal standing.
- Transaction Background: In 2023, AMTD Group completed the acquisition of The Art Newspaper, which involved cash and restricted stock, with Bazhenova and Ibragimov's actions seen as malicious interference that could impact the company's reputation and future transactions.
- Strategic Statement: AMTD Group reiterated its commitment to taking all necessary legal measures to protect its interests and ensure accountability for any malicious actions, aiming to maintain its corporate image and market trust for stable future operations.
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About AMTD
AMTD IDEA Group, formerly AMTD International Inc, is an investment holding company principally engaged in the strategic investments. The Company operates its business through three segments. The Strategic Investment segment engages in proprietary investments and the management of investment portfolios mainly focusing on financial services and asset classes. The Investment Banking segment is involved in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements and debt issuances and providing financial advisory services. The Asset Management segment provides asset management products and services, including in relation to listed equities, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services.
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.
