HK Stock Market Move | BRIGHT SMART (01428) rose more than 11% in the afternoon, the tender offer is still in progress, brokerage business benefits from active market turnover.

BRIGHT SMART (01428) rose more than 11% in the afternoon, up 10.53% as of the time of writing, to HK$8.19, with a turnover of HK$1.21 billion. In terms of news, BRIGHT SMART previously announced that it had signed a revised agreement with Ant Group to extend the deadline for the takeover offer by 4 months, with the final deadline updated to March 25, 2026. The acquisition transaction, which has attracted much market attention, has made substantial progress in regulatory approval. The Hong Kong Securities and Futures Commission completed the approval process on September 23, and the reporting work by the National Development and Reform Commission is proceeding in an orderly manner as planned. In addition, BRIGHT SMART's interim results as of the end of September show revenue of HK$497 million, an increase of 10.72% year-on-year; and a net profit of HK$327 million, an increase of 4.77% year-on-year. Sinolink pointed out that the company's securities brokerage income was HK$254 million during the period, an increase of 77.4% year-on-year, mainly due to the active trading in the market, with a 122.4% year-over-year increase in total trading volume on the HKEX during the period.