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Trading in Shares of BRIGHT SMART Resumes with 64.62% Spike as Ant's Stake Acquisition Approved by CN
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Ant Group's stake acquisition in BRIGHT SMART (01428.HK) was approved by relevant Chinese authorities, with the transaction expected to be completed by March 30. Trading in the shares of BRIGHT SMART resumed today (17th) with a 64.62% spike, opening at HKD15.26. Pre-market trading saw 13.044 million shares exchanged, involving an amount of HKD199 million. BRIGHT SMART and the Offeror Wealthiness and Prosperity jointly announced that all conditions for the completion of Ant Group's stake acquisition were met. On March 15, the Offeror completed the reporting procedures with the relevant authorities in the PRC as required for high-value non-sensitive investment projects under the Measures for the Administration of Overseas Investment of Enterprises with respect to the transactions contemplated under the Share Purchase Agreement. Accordingly, Completion Condition (c) was satisfied. AASTOCKS Financial News Website: www.aastocks.com |
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