Ant Group's acquisition of Yao Cai Securities has been approved

WealthCoffee · 2026-03-16T23:33:32+00:00

Yao Cai Securities Financial Announcement: Ant Group's takeover offer has received approval from Chinese regulatory departments and is expected to complete settlement on March 30. The stock will resume trading on the 17th after a brief trading halt.

WealthCoffee

2026-03-16 23:33:32

Abstract generation in progress

[Caixin] On the evening of March 16, Yau Ma Tei Securities Finance (01428.HK) announced that the tender offer initiated by Ant Group has been approved by relevant Chinese authorities, and the settlement is expected to be completed by March 30. This means the most critical part of the acquisition has now been completed. The announcement also mentioned that the company’s stock was briefly suspended on the 16th and will resume trading when the market opens on the 17th.

The announcement states that by March 15, 2026, the offeror has fulfilled the reporting procedures to relevant Chinese authorities for the proposed transaction under the share purchase agreement, in accordance with the “Regulations on the Administration of Overseas Investment by Enterprises” concerning high-value, non-sensitive investment projects.

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