AMTD Idea Group Undertakings Stating AMTD Group And Executive Officers Of AMTD IDEA And AMTD Digital Will Not Sell Any Equity Securities; Chairman Of AMTD Group Confirms He Will Not Sell Any Of His Holdings In Open Market For 5 Years
Portfolio Pulse from Benzinga Newsdesk
AMTD Idea Group has announced that AMTD Group and the executive officers of AMTD IDEA and AMTD Digital will not sell any equity securities. Additionally, the Chairman of AMTD Group has confirmed that he will not sell any of his holdings in the open market for the next 5 years.
October 23, 2023 | 12:54 pm
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NEUTRAL IMPACT
AMTD Idea Group's announcement of not selling any equity securities by its executive officers and AMTD Group, along with the Chairman's pledge to not sell his holdings for 5 years, could potentially stabilize the stock price.
The announcement by AMTD Idea Group and its executive officers not to sell any equity securities, along with the Chairman's pledge, could potentially prevent any sudden drop in the stock price due to large sell-offs. This could lead to a more stable stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100