Mars Finance News: Yiu Tai Securities, a Hong Kong-listed securities firm, announced that Shanghai Yunqin Information Technology Co., Ltd., through its subsidiary Wealthiness and Prosperity Holding Limited, has launched a tender offer for Yiu Tai Securities at a price of HK$3.28 per share. Shanghai Yunqin is also a shareholder of Ant Wealth. The announcement shows that both parties signed a share purchase agreement on April 25, involving approximately 858 million shares, representing about 50.55% of the total issued shares, with a total cash consideration of HK$2.814 billion, and a 10% deposit has been paid. (The Paper) It is reported that Yiu Tai Securities' executive director and CEO, Xu Yibin, previously stated that if an official custodian is recognized, the company will consider developing virtual currency trading services.
Ant Fortune made a HK$2.8 billion offer to acquire Yaochi Securities, which is considering developing virtual currency trading services
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