SEM HLDGS (09929) announced that Red Sun Capital Limited, a licensed corporation authorized under the Securities and Futures Ordinance to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the company's independent financial advisor. The advisor will provide recommendations to the independent board committee regarding the offer, particularly assessing its fairness and reasonableness, and whether it should be accepted.
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