Ant acquisition may have new developments; Yao Cai Securities Finance rises over 40%

GateUser-bd883c58 · 2026-03-18T07:24:16+00:00

Yao Cai Securities Finance (01428.HK) stock price surged by 42%, hitting a four-month high, with a market capitalization exceeding HK$16 billion. The company and Ant Group extended the acquisition deadline to 2026, boosting market expectations for the deal, and the stock price rose sharply. The relevant approval procedures have been completed, and market attention is focused on the progress of the National Development and Reform Commission's approval process.

GateUser-bd883c58

2026-03-18 07:24:16

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On March 13, Yau Tai Securities Finance (01428.HK) surged in the afternoon, with the increase expanding. As of the latest report, it rose 42% to HKD 9.87, hitting a four-month high. The trading volume also surged to nearly HKD 2.5 billion. The stock’s current market capitalization exceeds HKD 16 billion.

On the news front, Yau Tai Securities Finance previously announced that it had signed a revised agreement with Ant Group, extending the final deadline for the takeover offer to March 25, 2026. Analysts pointed out that as this key date approaches, market expectations for the deal’s finalization have significantly increased. The sudden surge in stock price today may indicate new developments in the acquisition process.

The Hong Kong Securities and Futures Commission has completed the relevant approval procedures earlier. Currently, the market is closely monitoring the approval progress of China’s National Development and Reform Commission. Reports indicate that the related work is progressing smoothly as planned. So far, Ant Group has paid approximately HKD 164 million as a deposit, which is seen by the market as a positive signal of high certainty for the transaction.

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