BFB HEALTH (00205) intends to sell its entire equity interest in Golden Gate Services for HK$10,000.

date
22:38 28/09/2026
avatar
GMT Eight
BFB HEALTH (00205) announced that on September 28, 2026, the Company entered into a share transfer agreement with the buyer, pursuant to which the Company agreed to sell and the buyer agreed to purchase the sale shares (representing the entire issued share capital of the disposed company, Golden Gate Services Limited), for a consideration of HK$10,000.
BFB HEALTH (00205) announces that on September 28, 2026, the Company entered into a share transfer agreement with the buyer, pursuant to which the Company agreed to sell and the buyer agreed to purchase the sale shares (representing the entire issued share capital of the disposed company, Golden Gate Services Limited), for a consideration of HK$10,000. Upon completion, the disposed company will cease to be a subsidiary of the Company, and the Company will no longer hold any issued share capital of the disposed company. Accordingly, the financial results of the disposed company will no longer be consolidated into the consolidated financial statements of the Group. After considering the financial performance of the disposal group and reviewing its business and operating conditions, the Board considers it appropriate for the Group to proceed with the disposal. The disposal will strengthen the Group's cash flow, enable the Group to improve its liquidity, and allow the Group to reallocate its resources to other existing opportunities. The net proceeds from the disposal will be used as general working capital of the Group.