HK Stock Market Move | BRIGHT SMART (01428) rose significantly by over 20% on high trading volume, market attention on progress of Ant Group acquisition.
Brilliance Securities Finance (01428) surged this morning, with the stock now up more than 22%. As of the time of writing, it has increased by 22.83% to HK$8.5, with a trading volume of HK$561 million.
BRIGHT SMART (01428) saw a surge this morning, soaring over 22% and rising to 8.5 Hong Kong dollars, with a trading volume of 5.61 billion Hong Kong dollars.
On the news front, in November last year, BRIGHT SMART announced that it had signed a revised agreement with Ant Group to extend the acquisition offer deadline by 4 months, with the final deadline updated to March 25, 2026. In terms of regulatory approval, the highly anticipated acquisition deal has made substantial progress. The Hong Kong Securities and Futures Commission completed the approval process on September 23, and the reporting work of the National Development and Reform Commission is also proceeding as planned. As of the date of the announcement, Ant Group has already paid 164 million Hong Kong dollars.
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HK Stock Market Move | C FIN INT INV (00721) rose by more than 30% again this morning after announcing the introduction of new shares to PHANCY.
HK Stock Market Move | YUE YUEN IND (00551) continues to fall by more than 4%, with persistently weak visibility of first-quarter orders. Brand customers are sharing the impact of tariffs with an average selling price.
HK Stock Market Move | Sinopec (00386) falls by over 4% again, market concerns about disruption in oil supply, UBS points out that if oil prices are too high, Sinopec's profits will decrease.
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