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Sealand Capital Galaxy Strikes Conditional Deal to Buy Brilliant Glow Group

MT Newswires·07/22/2026 03:23:43
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03:23 AM EDT, 07/22/2026 (MT Newswires) -- Sealand Capital Galaxy (SCGL.L) conditionally agreed to buy Hong Kong-based Brilliant Glow Group, which owns Shenzhen Brilliant Glow Consulting Services, for 6.6 million pounds sterling. The transaction is subject to the completion of confirmatory due diligence within 15 business days. The digital marketing and IT company made a refundable cash deposit of 2 million pounds on March 1, with the remaining 4.6 million pounds due one year after completion, according to a Wednesday release. Under the sale and purchase agreement, Brilliant Glow Group has made a two-year performance commitment of cumulative operating revenue of at least 2 million pounds or the full realization of equity awards. If the performance conditions are not met, the seller may be required to repurchase all shares acquired by Sealand for 110% of the consideration paid.