Ant Group's tender offer to acquire Bright Smart Securities has been approved

MaticHoleFiller · 2026-03-17T13:12:58+00:00

Yaokai Securities announced that Ant Group's mandatory offer has been approved, with completion expected on March 30. Ant plans to acquire 50.55% of Yaokai Securities' shares at HK$3.28 per share, with a total transaction value of HK$2.814 billion.

MaticHoleFiller

2026-03-17 13:12:58

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On the evening of March 16, Yao Cai Securities announced that the tender offer initiated by Ant Group has been approved by relevant Chinese authorities and is expected to be completed by March 30. On April 25, 2025, Ant Group, through its subsidiary Shanghai Yunjin Information Technology Co., Ltd., made a tender offer to Yao Cai Securities at HKD 3.28 per share, acquiring approximately 50.55% of Yao Cai Securities’ shares, with a total transaction amount of HKD 2.814 billion. (First Financial)

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