Oriental Media Group Limited (Oriental Media) disclosed that its 90%-owned Australian subsidiary, Pacific Resort Holding Pty Ltd, has signed a share buy-back agreement to acquire the remaining 10% equity interest from Pacific Resort Investment Pty Ltd (the Seller) for AU$2.83 million (HK$15.62 million). The transaction was executed on 15 June 2026 after market hours.

Upon completion and cancellation of the 350,000 buy-back shares, Pacific Resort will become an indirect wholly owned subsidiary of Oriental Media through its Hong Kong unit, Don Bon Property Limited. Payment of the consideration will be funded by the Group’s internal resources on the completion date, set for the third business day after all Australian Corporations Act requirements are met.

The AU$2.83 million price tag matches the independent valuation conducted by BonVision International Appraisals, which applied an asset-based approach and valued Pacific Resort’s net asset value at AU$28.29 million as of 31 March 2026. Key balance-sheet items included AU$44.16 million in investment properties—primarily the 96-room Metro Aspire Hotel Sydney—and AU$13.90 million in total borrowings, resulting in net assets of AU$28.29 million.

For the year ended 31 March 2026, Pacific Resort generated revenue of AU$2.47 million and a net profit after tax of AU$1.85 million, up from AU$2.45 million and AU$1.29 million, respectively, in FY 2025. The Seller, wholly owned by executive director and substantial shareholder Mr. Ching-fat Ma, originally invested AU$0.35 million for the 10% stake in 2004.

The Hong Kong Stock Exchange classifies the buy-back as a connected transaction under Chapter 14A, with applicable percentage ratios above 0.1% but below 5%. Consequently, the deal requires public disclosure but is exempt from shareholder approval and circular requirements.

Oriental Media’s board, excluding interested directors, deems the terms fair and reasonable, citing full consolidation of Pacific Resort’s cash flows and operational control as key benefits.