Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 251

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 251
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 detailed due diligence of these potential acquisition targets, Black Spade II together with the management and/or shareholders of these potential targets decided not to proceed to drafting merger agreements. With the exception of TGE, Black Spade II did not consider the other alternative acquisition targets that it evaluated to be as compelling when taking into consideration their respective business prospects, strategy, management teams, structure, growth potential, likelihood of execution and valuation considerations. Mr. Dennis Tam, chairman and co -CEOof Black Spade II was introduced to Dr. Calvin Choi, and 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 and Mr. Samuel Chau of the AMTD Group Inc. The TGE team conducted a