
Understanding the Market | BRIGHT SMART resumed trading with a high opening of over 60%, planning to acquire Ant Group at a premium of approximately 17.6% to the full acquisition offer

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BRIGHT SMART resumed trading with a high opening of over 60%. As of the time of publication, it has risen by 60.66%, trading at HKD 4.9, with a transaction volume of HKD 50.078 million. The company announced that Shanghai Yunjin Information Technology Co., Ltd. initiated a tender offer through Ant Wealth at HKD 3.28 per share, representing a premium of approximately 17.6% over the closing price on the last trading day. The offeror intends to acquire approximately 858 million shares, accounting for 50.55% of the total issued shares, with a total cash consideration of approximately HKD 2.814 billion
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