Company: TGE
Filing Date: 2025-05-06
Form Type: CORRESP
Source: 0001213900-25-040059
Chunk: 1

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: CORRESP
Chunk 1
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 “Registration Statement”) relating
to the proposed business combination involving the Company and Black Spade Acquisition II Co (“Black Spade II”), a
Cayman Islands exempted company.

Securities and Exchange Commission

May 6, 2025

Page 2

Concurrently with the submission of this letter,
the Company is filing amendment No. 2 to its registration statement on Form F-4 (the “Revised Registration Statement”)
and certain exhibits via EDGAR with the Commission.

The Company has responded to the Staff’s
comments by revising the Registration Statement to address the comments. The Staff’s comments are repeated below in bold and are
followed by the Company’s responses. We have included page references in the Revised Registration Statement where the language addressing
a particular comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Revised Registration
Statement.

The Company and Black Spade II plan to have the
Revised Registration Statement declared effective in the week of May 5, 2025 and to convene the extraordinary general meeting of the shareholders
of Black Spade II and consummate the proposed business combination as soon as possible in May 2025. The Company would appreciate the Staff’s
timely assistance and support to the Company in meeting this proposed timetable.

Amendment No. 1 to Registration Statement on Form F-4

Summary of the Proxy Statement/Prospectus

Dilution, page 37

| 1. | We note your response to prior comment 3 and the revised disclosures on page 37. It appears your                                                   
 net tangible book value at or above which the potential dilution results in pro forma net tangible book value per share, as adjusted being         
 at least $10.00 per share does not represent company valuation at or above which the potential dilution results in the amount of the non-redeeming 
 shareholders' interest per share being at least the initial public offering price per share of common stock in compliance with Item 1604(c)(1)     
 of Regulation S-K. Please revise to disclose the company valuation calculated as the initial public offering price of $10.00 multiplied            
 by the number of TGE shares after giving effect to the de-SPAC transaction (i.e., pro forma outstanding                                            |

In response to the Staff’s
comment, the Company has revised the disclosure on page 37 of the Registration Statement.

In response to the Staff’s
comment, the Company has revised the disclosure on page