Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 85

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 85
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, management teams, structure, growth potential, likelihood of execution and valuation considerations. 41 Mr. Dennis Tam, chairman and co -CEOof Black Spade II was introduced to Dr. Calvin Choi, director of TGE, through a mutual business acquaintance. The first meeting between Mr. Tam and Dr. Choi took place in Dubai on September 5, 2024. During this meeting, Dr. Choi introduced the core business components of the TGE Group, i.e. the L’Officiel magazine and The Art Newspaper, and expressed interest in pursuing a potential business combination between TGE and Black Spade II, noting the successful combination of Black Spade Acquisition Co (“BSAQ”) and VinFast Auto Ltd. (“VinFast”) in 2023. Between September 11 and September 13, 2024, Mr. Tam discussed the potential transaction with TGE internally with Mr. Kester Ng, Co -CEOand CFO of Black Spade II, and Mr. Richard Taylor, Co -CEOand COO of Black Spade II. They evaluated TGE, as a potential target, based on the available information. On September 14, 2024, Mr. Tam met Dr. Choi again in Macau, where Mr. Tam and Dr. Choi delved into a more detailed discussion regarding the history and business performance of TGE’s core business. Dr. Choi shared with Mr. Tam informational materials about the TGE Group. On September 19, 2024, Black Spade II and an affiliate of TGE entered into a confidentiality agreement that outlined the terms for sharing confidential information. On September 20, 2024, Mr. Tam and Dr. Choi visited the L’Officiel New York office, where Mr. Tam was introduced to Dr. Feridun Hamdullahpur and Mr. Samuel Chau of the TGE Group, Mr. Giampietro Baudo and Mr. Anthony Cenname of L’Officiel, and Mr. Nick Sargent, Mr. Benjamin Sutton of The Art Newspaper and Mr. Xavier Zee of the AMTD Group Inc. The TGE team conducted a management presentation, which introduced the history, business model, strategy, core capabilities and other key attributes of The Art Newspaper and L’Officiel, as well as their strategic positions in the TGE Group. TGE also shared additional details about the background, business performance, and development plans of the TGE Group, including that it had once considered a traditional initial public offering