HK Stock Market Move | BRIGHT SMART (01428) surged more than 8% during trading, Ant's tender offer for acquisition approved by the Hong Kong Securities and Futures Commission, both sides are expected to strengthen business synergy.

BRIGHT SMART (01428) rose more than 8% during trading hours, and as of the time of writing, it is up 5.94% to HK$10.53 with a trading volume of HK$251 million. In terms of news, after the announcement of Ant Group's takeover bid for Bright Smart Securities half a year ago, it has received approval from the Hong Kong Securities and Futures Commission. On the evening of October 10th, Bright Smart Securities announced that as of September 23, 2025, the offeror has obtained approval from the Hong Kong Securities and Futures Commission to become a major shareholder of Bright Smart Futures and Commodities Limited, Bright Smart Securities International (Hong Kong) Limited, Bright Smart Asset Management Limited, and Bright Smart Global Forex Limited. East Sea Securities believes that Ant Group's wealth platform connects more than 150 asset management institutions, which can complement Bright Smart Securities' stock trading, asset management, and derivatives business. With the localized advantages and financial license resources of Bright Smart Securities, Ant Group can quickly establish securities service capabilities for global markets. Ant Group's financial technology capabilities will drive Bright Smart Securities' digital transformation, enhancing customer acquisition efficiency, service experience, and ARPU value.