AMTD International Inc.’s 2020 Business Performance Summary and Updates
28 Abril 2021 - 3:05PM
Business Wire
AMTD International Inc. (“AMTD International” or the
“Company”) (NYSE: HKIB; SGX: HKB), a subsidiary of AMTD
Group Company Limited (“AMTD Group”), which is a leading
comprehensive financial services conglomerate with headquarters in
Hong Kong, has announced its audited financial results for the year
ended December 31, 2020.
Despite the impact of COVID-19 pandemic as well as the
volatility in the international capital markets in 2020, AMTD
International continued to excel in the face of global economic
challenges and demonstrated perseverance and solid franchise
strengths in its ongoing strategic development and global
expansion.
In 2020, the Company successfully completed its secondary
listing on the Mainboard of the Singapore Exchange Securities
Trading Limited (“SGX-ST”) under the stock ticker “HKB”,
becoming the first company in history ever to be dual-listed on
both the NYSE and SGX-ST, and also the first company with “dual
class shares scheme” to list in Singapore. AMTD International also
established a US$1.0 billion medium term notes programme which is
dual-listed on both the Hong Kong Exchange (“HKEX”) and the
SGX-GT, followed by a successful dual-currency USD and SGD
perpetual bond issuance of US$237.7 million (in USD equivalent),
representing the first ever exchange offer involving concurrent
dual tranche USD and SGD perpetual securities issuance; the first
ever Hong Kong financial institution issuing SGD perpetual
securities; as well as the first ever Hong Kong issuer issuing SGD
fixed-for-life perpetual securities.
AMTD International attaches great importance to embracing the
best practices in corporate governance and regards such attribute
as fundamental to sustainable development as well as its corporate
values and standards. To uphold the highest standards in corporate
governance and continuous alignment to global market standards, the
Company upgraded the board structure to adopt a majority
independent board with both chairman and vice chairman positions
served by independent directors. Moreover, AMTD International
promoted the second-generation management team to lead the Company
into the new age of AMTD version 2.0, further the Company’s ongoing
transformation, and capture future growth opportunities.
Despite the challenging market environment, AMTD International
maintained rapid business development and delivered an upbeat set
of results. In 2020, the Company recorded a net profit of HK$1,139
million, a 37.1% year-on-year increase, and assets under management
at over HK$26 billion, reaching a new height in AMTD
International’s operating history. During the year, the Company, as
the global coordinator and/or active bookrunner (a senior role in
the underwriting syndicate), completed over 40 capital market
transactions, with an aggregate amount financed of approximately
US$12 billion. Notable transactions included the Hong Kong IPO of
China’s largest F&B chain company, Yum China Holdings; Weihai
City Commercial Bank’s H share IPO, the only regional bank listed
on the HKEX in 2020; Radiance Holdings’ Hong Kong IPO, one of the
largest IPOs in property sector on the HKEX in 2020; Joy Spreader’s
Hong Kong IPO, the largest performance-based we-media marketing
services provider in China; BlueCity’s US IPO, the world’s leading
online LGBTQ community; Xiaomi Corporation’s US$600 million global
USD bond offering, representing its first ever international bond
offering; and Citic Limited’s US$1 billion dual tranche USD bond
offering, one of China’s largest SOEs. The Company also
successfully completed Dasin Retail Trust’s Singapore private
placement in 2020, representing our first ECM transaction on the
SGX-ST.
In 2020, the Company also expanded its business coverage from
Hong Kong and the US markets to Singapore. In May 2020, AMTD
International entered into a long-term strategic partnership with
the Singapore Exchange to promote the development of Singapore’s
capital markets and strengthen capital markets connectivity between
Singapore, ASEAN, the Greater Bay Area, rest of China and the
Middle East. AMTD International and the SGX are also committed to
jointly explore using distributed ledger technology for the
issuance and servicing of fixed income securities in Singapore, as
well as the wider adoption of blockchain in capital markets,
international payments and settlements, and trade finance.
Dr. Feridun Hamdullahpur, chairman of the board commented, “AMTD
International year over year has shown a solid trajectory for
growth. This year which presented a number of global challenges was
no exception. The Company performed at the highest level while
clearly demonstrating its commitment to its foundational values. I
am grateful for the hard work and dedication of the entire
management team but, most importantly, for the confidence and trust
of our clients in us.”
Prof. Annie Koh, independent director of the board added, “As an
ID on the board of AMTD International, I am heartened not just with
the sterling financial results reported in challenging times, but
more so with the implementation of a number of internal corporate
governance standards. Having an independent chair at the board
level and a CEO internally developed and promoted are strong
indicators of good governance and sustainability. My heartiest
congratulations to the hard-working management team for the
sterling results and consciously protecting shareholders against
downside risks.”
Mr. William Fung, chief executive officer of the Company
commented, “Year 2020 marked the second full financial year for
AMTD International as a young and fast-rising NYSE and SGX
dual-listed company and I am glad to report a strong set of results
on a year-over-year basis with net income increasing by over 37%
and a stable AUM, despite a challenging operating environment and
global economy due to the on-going COVID-19 pandemic. It is
exciting to see our businesses and services continue to grow and
diversify, with the trust and support from our clients, and hard
work and commitment from our AMTDers. I would like to express my
sincere gratitude to our board for their support and guidance and
to our banking partners and investors for their trust and
partnership in the Company and the management team. I look forward
to taking AMTD International to higher ground and delivering
maximum values to all our partners and stakeholders.”
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.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about AMTD’s beliefs, plans, and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. Further information regarding
these and other risks is included in AMTD’s filings with the SEC.
All information provided in this press release is as of the date of
this press release, and AMTD does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
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