Bright Future Technology Holdings Limited (1351) published a composite document dated 24 October 2025 concerning a mandatory unconditional cash offer made by Fuze Securities (International) Limited on behalf of Swift Ascent Limited. Swift Ascent Limited has acquired 321,897,769 shares (approximately 53.65% of the total issued share capital) from specific vendors at HK$0.25 per share, triggering an offer under the Takeovers Code.

The offer price is set at HK$0.25 in cash per share, covering all issued shares not already owned by Swift Ascent Limited and parties acting in concert with it. The newly acquired shares confer majority control, and the responsible directors indicate that this unconditional offer runs until 4:00 p.m. on 14 November 2025. Swift Ascent Limited has stated its intention to maintain the listing status of Bright Future Technology Holdings.

According to the company’s interim figures for the six months ended 30 June 2025, revenue was RMB668.1 million. The documentation also notes that a board-appointed Independent Financial Adviser deemed the terms of the offer not fair and reasonable, and the Independent Board Committee recommended shareholders not accept. No changes to existing business lines or workforce were announced, although the acquirer may consider strategic reviews of operations over time.