【Yao Cai Securities 1428】Yao Cai Securities Resumes Trading and Surges 64% - Acquisition Conditions with Ant Already Met

SocialAnxietyStaker · 2026-03-17T08:03:08+00:00

Ant Group Acquires Yao Cai Securities Finance (01428)Transaction conditions have been met. Yao Cai Securities resumed trading on Tuesday (17th), with the stock opening 64.62% higher at 15.26 yuan, currently up 61.9% at 15.01 yuan, with trading volume of approximately 2.5 billion yuan.Yao Cai Securities Finance announced after market close on Monday (16th) that Ant Group has completed the reporting procedures to relevant Chinese authorities regarding the transaction under the share purchase agreement in accordance with the provisions of the "Administrative Measures for Overseas Investment by Enterprises" for high-value non-sensitive investment projects. Therefore, Completion Condition (c) has been satisfied, meaning Ant Group's acquisition of Yao Cai Securities Finance has obtained the green light from the National Development and Reform Commission, meeting the final deadline of the offer by March 25, 2026.Both parties currently expect to implement the share purchase agreement on March 30, 2026. Currently, aside from only needing to satisfy the completion condition that can only be achieved upon completion according to the share purchase agreement...

SocialAnxietyStaker

2026-03-17 08:03:08

Ant Group’s acquisition of Yau Tai Securities Financial (01428) has been finalized. Yau Tai Securities resumed trading on Tuesday (17th), opening 64.62% higher at HKD 15.26, and currently up 61.9% at HKD 15.01, with a trading volume of approximately HKD 2.5 billion.

Yau Tai Securities Financial announced after market close on Monday (16th) that Ant Group has completed the reporting procedures to relevant Chinese authorities for the transaction under the regulations of the “Regulations on the Administration of Overseas Investments of Enterprises,” related to high-value, non-sensitive investment projects. Therefore, condition © has been satisfied, meaning Ant Group’s acquisition of Yau Tai Securities Financial has received approval from the National Development and Reform Commission, allowing the deal to proceed before the final offer deadline of March 25, 2026.

Both parties currently expect to finalize the share purchase agreement by March 30, 2026. Aside from the completion conditions that can only be fulfilled upon the completion of the share purchase agreement, all other conditions have been met.

Additionally, Ant Group was approved by the Hong Kong Securities and Futures Commission to become a major shareholder of Yau Tai Securities in September 2025. However, this must be finalized by March 23, 2026, and Ant Group has applied to the SFC, which has extended the validity of the major shareholder approval until April 30, 2026.

Source: Announcement

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