AMTD IDEA shares surge 12.08% intraday after controlling shareholders commit to two-year stock lock-up.

AMTD IDEA Group surged 12.08% intraday after its parent AMTD Group and key executives announced a two-year voluntary lock-up of equity holdings, signaling confidence in the company’s long-term strategy. The move followed August agreements by management and reaffirms commitment to AMTD IDEA Group’s expansion, including a rapidly growing hospitality sector with over 1,000 hotel rooms anticipated. The lock-up reduces immediate selling pressure, stabilizing investor sentiment amid recent volatility. Additional hotel acquisitions and strategic initiatives, such as the Ritz Carlton deal and L’OFFICIEL COFFEE expansion, further underscore growth momentum. The coordinated lock-up measures across stakeholders highlight alignment with long-term value creation, directly supporting the intraday price rally.