Xiaomi’s Strategic Investment into AMTD Capital under AMTD International (HKIB)
05 Marzo 2021 - 9:35PM
Business Wire
AMTD Group together with AMTD International Inc. (“AMTD
International”) (NYSE: HKIB; SGX: HKB) jointly announced that
Airstar Digital (formerly named as Xiaomi Digital), a subsidiary of
Xiaomi Corporation, invested in AMTD Capital, a subsidiary of AMTD
International. AMTD Capital has obtained an approval earlier last
year by the Chinese regulator to operate as a foreign-invested
investment management firm in Hengqin. Xiaomi Finance (Hong Kong)
Limited, a subsidiary of Airstar Digital, officially signed the
strategic collaboration agreement with AMTD International. Under
the agreement, Airstar Digital will invest into new shares to own
49.87% of AMTD Capital. Mr. Zhao Weixing, Vice President of Airstar
Digital and former Chief Executive of XW Bank, will join the Board
of AMTD Capital. AMTD Capital will also be renamed as AM
Capital.
Recently, Mr. Calvin Choi, Chairman and CEO of AMTD Group and
founder of AMTD International, and Mr. Zhao Weixing, Vice President
of Airstar Digital, in their capacity as representatives of the
shareholders and members of the Board of Directors of AM Capital,
met face to face in Hong Kong to discuss further cooperation
opportunities and held the first Board meeting. The meeting focused
on how the two shareholders can maximize synergies and support AM
Capital to implement its “Enterprise+” strategic investment
methodology, and its investment direction to focus into FinTech,
ecosystem building, and smart manufacturing companies. The
objective is to provide enterprises with long term but low-cost
capital to support their long-term development, and at the same
time provide multi-dimensional value-added services such as
strategic modeling, process optimization, industry consolidation,
financing support, and business development for the pre-IPO or
listed companies.
AM Capital is the second corporate level equity co-investment
and collaboration between AMTD Group and Airstar Digital, following
the joint establishment of Airstar Bank. AM Capital's management
team will comprise of core members from both AMTD Group and Airstar
Digital.
In addition, Mr. Feng Juwen, Deputy Director for Hengqin
Financial Services Bureau, and Mr. Luo Hao, Assistant Director of
Hengqin Financial Services Bureau, led a team to visit AM Capital.
During the meeting, Mr. Feng firmly expressed that the Hengqin
Financial Services Bureau would actively support and assist AM
Capital's business development and promote its business in the
Greater Bay Area.
Serving as one of AMTD Group’s key platforms in the Greater Bay
Area, as well as aligning with Airstar Digital’s strategic
direction in the digital finance sector, AM Capital will follow the
governments’ lead in the region to promote financial openness and
innovation, deepening financial cooperation between Hong Kong,
Macau, and China, assuming the strategic role to bridge
cross-border investment and financing.
About AMTD International Inc.
AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong
Kong-headquartered financial institution group connecting companies
and investors from Asia, including China and Hong Kong as well as
the ASEAN markets with global capital markets. Its comprehensive
one-stop financial service solutions strategy addresses different
clients’ diverse and inter-connected financial needs across all
phases of their life cycles. Leveraging its deep roots in Asia and
its unique eco-system — the “AMTD SpiderNet” — the Company is
uniquely positioned as an active super-connector between clients,
business partners, investee companies, and investors, connecting
the East and the West. For more information, please visit
www.amtdinc.com or follow us on Twitter at “@AMTDGroup.” For the
Company’s announcements, please visit
http://ir.amtdinc.com/News.
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