PARIS - AMTD Group Inc., along with its entities AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), has announced significant changes to their board structures, emphasizing diversity and corporate governance. Jazz Li is joining as an independent director of both AMTD IDEA and AMTD World Media and Entertainment Group (AMTD WME), bringing his expertise in the intersection of fine art and entertainment to the boards. Moreover, Joanne Shoveller has been appointed Co-Chair of the Board of AMTD Digital and Chair of the Board of AMTD WME, marking the completion of an entirely independent board structure for AMTD WME.
These appointments come as AMTD WME prepares to enter its "2.0 stage," aiming to leverage its global network and business platform to expand its cultural development, media, and entertainment businesses.
In addition, Dr. Timothy Tong, an independent director of AMTD IDEA and the Chairman of AMTD Digital, has been appointed as the Chairman of the Research Grants Council (RGC) by the Hong Kong SAR Government, starting March 1, 2024. The RGC is responsible for advising on and distributing funding for academic research in Hong Kong's higher education institutions.
AMTD Group is a diversified conglomerate with businesses in financial services, digital solutions, media and entertainment, education and training, and premium assets. Its digital solutions platform, AMTD Digital, provides services across digital media, content, marketing, digital investments, and hospitality.
The information in this article is based on a press release statement from AMTD Group Inc.
InvestingPro Insights
As AMTD Group Inc. continues to evolve its board structure and expand its global reach, it's essential to consider the company's financial health and market performance. According to InvestingPro data, AMTD Group Inc. is trading at a P/E ratio of 19.98, which indicates the company's earnings relative to its share price. This metric is crucial for investors to understand the company's valuation in the current market.
InvestingPro Tips suggest that AMTD Group Inc. stock typically exhibits low price volatility, which might appeal to investors looking for stability in their portfolio. Additionally, the company's stock price often moves in the opposite direction of the market, which could provide a hedge against market downturns.
With a market capitalization of 694.38 million USD and a revenue growth of 4.05% over the last twelve months as of Q3 2023, AMTD Group Inc. demonstrates a moderate growth trajectory. The revenue valuation multiple remains low, which could indicate that the company's sales are not being fully valued by the market at present.
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