Ant Group unit clears regulatory step for Bright Smart takeover, sending shares up 70%
Corroborated by 2 sources from 2 publishers
asiaworld3d ago
TL;DR
Ant Group Secures China Nod for Hong Kong Brokerage Purchase Shares of Bright Smart Securities surged as much as 82% on Tuesday after an Ant Group unit completed the required steps to acquire the Hong Kong-listed brokerage. The stock later pared gains to trade 70% higher as of 10.45p.m. ET, the highest since July 2025.