Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 71

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 71
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 it holds as investments. Profit for the quarter .TGE estimates that its profit for the three months ended March 31, 2025 was in the range of US$10 million to US$11 million. Property, plant and equipment.TGE estimates that its property, plant and equipment marginally increased from US$574.7 million as of December 31, 2024 to approximately US$580 million as of March 31, 2025, primarily due to the expansion of its hotel operation. Cash and bank balances.TGE estimates that its cash and bank balances were in the range of approximately US$9 million to US$10 million as of March 31, 2025 as compared with US$20.0 million as of December 31, 2024, primarily as a result of certain payments to its Controlling Shareholder and payment of regular expenses. TGE’s unaudited selected consolidated financial data set forth above is preliminary in nature and subject to changes and completion of TGE’s financial closing procedures. TGE’s independent registered public accounting firm, Assentsure, has not audited, reviewed, compiled or performed any procedures, and does not express an opinion or any other form of assurance with respect to any of such data. TGE’s preliminary and unaudited selected consolidated financial data as of and for the three months ended March 31, 2025 may not be indicative of its financial results for future interim periods or for the full year ended December 31, 2025. See “TGE’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” included elsewhere in this proxy statement/prospectus for information regarding trends and other factors that may influence TGE’s results of operations and for recent quarterly operating results. The Business Combination The Business Combination Agreement For more information about the Business Combination Agreement and the Business Combination and other transactions contemplated thereby, see the sections entitled “Proposal One — The Business Combination Proposal” and “The Business Combination Agreement.” A copy of the Business Combination Agreement is attached to this proxy statement / prospectus as Annex A. On January 27, 2025, the Business Combination Agreement was entered into, by and among Black Spade II, The Generation Essentials Group and Merger Sub, pursuant to which, among other transactions, on the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Black Spade II (the “Merger”), with Black Spade II surviving the Merger as a wholly