SEEC MEDIA (00205) announced that on August 22, 2025, its wholly-owned subsidiary Honor Fame entered into an agreement with seller Brother Angel And His Friends Investment Ltd. Under the terms, Honor Fame has conditionally agreed to acquire, and the seller has conditionally agreed to sell, the sale shares representing 100% equity interest in target company BFB Development Inc. for a total consideration of HK$38.22 million.
The consideration will be settled through the allotment and issuance of consideration shares by the buyer to the seller at the consideration share price.
Upon completion, the company will hold 100% equity interest in the target company, and the target company's financial performance will be consolidated into the company's financial results.
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