SEEC MEDIA plans to acquire 100% equity of BFB Development Inc. for HKD 38.22 million
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SEEC MEDIA announced that its wholly-owned subsidiary Honor Fame will acquire 100% equity of BFB Development Inc. for HKD 38.22 million. The transaction will be paid through the issuance of consideration shares, and upon completion, SEEC MEDIA will hold 100% equity of the target company, which will be consolidated into SEEC MEDIA's financial performance. The target group has performed well in the health care brand sector, and the board believes that this acquisition will bring synergies, expand the business network and customer base, and enhance resource utilization efficiency
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