Hong Kong Stock Flash | Yao Cai Securities Finance (01428) Resumes Trading with Over 64% Gain; Ant Group's Takeover Offer Approved with Expected Settlement on March 30

LootboxPhobia · 2026-03-17T04:21:44+00:00

Yaocai Securities Finance resumed trading with a gain of over 64%, currently up 64.62%, with a trading volume of HK$199 million. Ant Group's tender offer has been approved and is scheduled to complete the transaction on March 30, which is expected to increase market share and enhance the wealth management ecosystem.

LootboxPhobia

2026-03-17 04:21:44

Abstract generation in progress

Zhitong Finance APP learned that YoY Securities Finance (01428) resumed trading with a high opening gain of over 64%. As of the time of writing, it has risen 64.62% to HKD 15.26, with a trading volume of HKD 199 million.

According to news, on the evening of March 16, YoY Securities Finance announced that the tender offer initiated by Ant Group has been approved by relevant authorities and is expected to be completed by March 30. YoY Securities stated that, as part of the acquisition by Ant Group, all transaction conditions have been met. It is reported that on April 25 of last year, Ant Group’s wholly owned subsidiary Shanghai Yunjin Information Technology Co., Ltd. announced the acquisition of 50.55% of shares held by YoY Securities founder Ye Maolin at a price of HKD 3.28 per share, totaling approximately HKD 2.814 billion. This move aims to obtain a Hong Kong brokerage license and accelerate international expansion.

Donghai Securities previously pointed out that Ant Fortune’s platform connects over 150 asset management institutions and a rich line of wealth management products, which can complement YoY Securities’ stock trading, asset management, and derivatives businesses. Coupled with Ant Group’s user base of over a billion, it is expected to further increase market share and gradually build a wealth management ecosystem with deep customer resource mining and a comprehensive product matrix.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.