Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 68

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 68
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 which holds premium whole building properties and provide hospitality services in Hong Kong and Singapore. On February 2, 2023, World Media and Entertainment Universal Inc. was incorporated as a limited liability company in the Cayman Islands. In October 2023, AMTD IDEA Group acquired 100% of the equity interests in The Art Newspaper SA, which then owned the business unit of “The Art Newspaper.” From October 2024 through November 2024, a series of reorganization steps (collectively, the “aWME Reorganization”) were taken to establish World Media and Entertainment Universal Inc. as the holding company transfer and consolidate the business of L’Officiel, The Art Newspaper, WME Assets Group and certain movie rights investments into World Media and Entertainment Universal Inc. The following diagram illustrates aWME’s corporate structure, including its principal and other subsidiaries as of the date of this proxy statement/prospectus: aWME’s Holding Company Structure World Media and Entertainment Universal Inc. is not an operating company but a holding company incorporated in the Cayman Islands as an exempted company. World Media and Entertainment Universal Inc. conducts its operations through its subsidiaries. The securities registered herein are securities of World Media and Entertainment Universal Inc., not those of its operating subsidiaries. Therefore, investors in World Media and Entertainment Universal Inc. are not acquiring equity interest in any operating company but instead are acquiring interest in a Cayman Islands holding company. The holding company structure involves unique risks to investors. As a holding company, World Media and Entertainment Universal Inc. may rely on dividends from its subsidiaries for cash requirements, including any payment of dividends to its shareholders. The ability of subsidiaries of World 31 Media and Entertainment Universal Inc. to pay dividends or make distributions to World Media and Entertainment Universal Inc. may be restricted by laws and regulations applicable to them or the debt they incur on their own behalf or the instruments governing their debt. 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, World Media and Entertainment Universal Inc. and Merger Sub, pursuant to which, among other transactions, on the terms and subject to the conditions set forth therein, Merger Sub will merge