Bright Smart's controlling stake will change hands, with a proposed acquisition at a premium of approximately 17.6% from ANT GROUP, and the full acquisition offer will resume trading on April 28
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BRIGHT SMART and the offeror WEALTHINESS AND PROSPERITY HOLDING LIMITED announced plans to acquire approximately 858 million shares of New Chang Ming Holdings Limited, accounting for 50.55% of the issued shares, with a total cash consideration of approximately HKD 2.814 billion, at HKD 3.28 per share, representing a premium of about 17.6% over the closing price on the last trading day. The company has applied to resume trading on April 28, 2025. The offeror is wholly owned by ANT GROUP
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