Stock Track | Bright Smart Soars 21.90% on Hong Kong SFC Approval for Ant Acquisition-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Bright Smart Soars 21.90% on Hong Kong SFC Approval for Ant Acquisition

Stock Track2025-10-13

Bright Smart Securities (01428.HK) saw its shares soar by 21.90% during intraday trading on Monday, following reports that the Hong Kong Securities and Futures Commission (SFC) has approved Ant Group's acquisition of the company.

According to Caixin, a respected Chinese financial news outlet, the SFC has given its green light to Ant's proposed takeover of Bright Smart. This regulatory approval marks a significant milestone in the acquisition process, which has been closely watched by investors and industry observers alike.

However, the deal is not yet finalized. The report indicates that the acquisition still requires approval from China's National Development and Reform Commission (NDRC). This additional regulatory hurdle suggests that while the Hong Kong approval is a major step forward, investors should continue to monitor developments as the acquisition progresses through the remaining regulatory channels.

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