BRIGHTSTAR TECH plans to sell all shares of Anxu Technology for HKD 110 million
BRIGHTSTAR TECH plans to sell its wholly-owned subsidiary Anxu Technology Co., Ltd. for HKD 110 million, with the buyer being Syno Strategy Ltd. This move aims to terminate non-core businesses, streamline operations, reduce losses, and reallocate resources to strengthen the group's core visual display solutions business
According to the Zhitong Finance APP, BRIGHTSTAR TECH (08446) announced that on October 31, 2025, the company (as the seller) intends to sell all issued share capital of the subsidiary (Anxu Technology Co., Ltd.) to Syno Strategy Ltd (as the buyer) for a total consideration of HKD 110 million.
The group primarily engages in providing information technology consulting services in China; hotel booking and conference planning services in China; and one-stop technology consulting services and solutions, as well as operating and managing e-commerce platforms in China. After reviewing the group's performance and strategic focus, the board believes that terminating the non-core information technology consulting and hotel booking and conference planning businesses in China, in order to streamline operations and reduce losses, and reallocating management and financial resources to strengthen and expand the group's core visual display solutions business, is in the best interest of the group
