---
title: "Ant Group's investment in BRIGHT SMART has not met the completion conditions and may extend the final deadline"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/265407482.md"
description: "BRIGHT SMART announced on the 11th that regarding the equity investment by ANT GROUP, as the final deadline, which is the 25th of this month, approaches, and the remaining completion conditions may not be met by that date or earlier, the offeror is considering possibly extending the final deadline. BRIGHT SMART stated that the Securities and Futures Commission has approved the relevant transaction, and the offeror has been actively communicating with the relevant departments regarding the declaration to the National Development and Reform Commission for the transaction under the share purchase agreement, in order to achieve the completion conditions as soon as possible. In April, BRIGHT SMART announced that founder and chairman Ye Maolin sold his 50.55% stake to ANT GROUP for HKD 2.8 billion, triggering a mandatory takeover offer; ANT GROUP indicated its desire to retain BRIGHT SMART's listing status"
datetime: "2025-11-11T23:28:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265407482.md)
  - [en](https://longbridge.com/en/news/265407482.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265407482.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/265407482.md) | [繁體中文](https://longbridge.com/zh-HK/news/265407482.md)


# Ant Group's investment in BRIGHT SMART has not met the completion conditions and may extend the final deadline

On November 12th, Jin Shi Data reported that BRIGHT SMART (01428.HK) announced on the 11th that regarding the equity investment by ANT GROUP, as the final deadline, which is the 25th of this month, approaches, the remaining completion conditions may not be met by that date or earlier, and the offeror is considering possibly extending the final deadline. BRIGHT SMART stated that the Securities and Futures Commission has approved the relevant transaction, and the offeror has been actively communicating with the relevant departments regarding the declaration to the National Development and Reform Commission for the transaction under the share purchase agreement, in order to achieve the completion conditions as soon as possible. In April, BRIGHT SMART announced that founder and chairman Ye Maolin sold his 50.55% stake to ANT GROUP for HKD 2.8 billion, triggering a mandatory takeover offer; ANT indicated its desire to retain BRIGHT SMART's listing status

### 相关股票

- [ANT GROUP (688688.CN)](https://longbridge.com/zh-CN/quote/688688.CN.md)
- [BRIGHT SMART (01428.HK)](https://longbridge.com/zh-CN/quote/01428.HK.md)

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