---
title: "BRIGHT FUTURE's controlling stake changes hands, receiving a discount of approximately 41.18%, and the full acquisition offer will resume trading on September 18"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257747372.md"
description: "BRIGHT FUTURE's controlling stake has changed hands, with Swift Ascent Limited acquiring approximately 322 million shares of the company on September 15, 2025, accounting for 53.65% of the issued share capital, for a total cash consideration of HKD 80.4744 million, at HKD 0.25 per share, representing a discount of 41.18% compared to the last trading day. The offeror plans to continue to maintain the company's main business and listing status, with shares resuming trading on September 18"
datetime: "2025-09-17T13:21:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257747372.md)
  - [en](https://longbridge.com/en/news/257747372.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257747372.md)
---

# BRIGHT FUTURE's controlling stake changes hands, receiving a discount of approximately 41.18%, and the full acquisition offer will resume trading on September 18

According to the Zhitong Finance APP, BRIGHT FUTURE (01351) and the offeror Swift Ascent Limited jointly announced that on September 15, 2025, the offeror completed the acquisition of approximately 322 million shares of the company, accounting for approximately 53.65% of the total issued share capital of the company as of the date of this joint announcement, with a total cash consideration of HKD 80.4744 million (equivalent to HKD 0.25 per share sold).

Immediately following the completion and as of the date of this joint announcement, the offeror, Ms. Jiang Huanyang, and any concert parties of theirs hold interests in approximately 322 million shares, accounting for approximately 53.65% of the total issued share capital of the company. Therefore, in accordance with Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares (excluding shares already owned or agreed to be acquired by the offeror and its concert parties). The offer price for each offer share is HKD 0.25 in cash, representing a discount of approximately 41.18% to the closing price of HKD 0.425 per share on the Stock Exchange on September 12, 2025 (the last trading day).

After the offer concludes, the offeror intends to continue the group's main business and maintain the company's listing status.

In addition, the company has applied to the Stock Exchange for the resumption of trading of its shares at 9:00 AM on September 18.

It is reported that the offeror is wholly owned by Ms. Jiang Huanyang

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