Ant Group Completes Takeover of Hong Kong Broker
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Ant Group Co. Ltd. has taken control of Hong Kong-listed Bright Smart Securities and Commodities Group Ltd. after completing a HK$2.8 billion ($361 million) acquisition that was delayed pending mainland regulatory approvals.
The deal was first announced in April 2025. Ant agreed to buy a 50.55% stake at HK$3.28 per share, representing a premium at the time of the announcement.
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