According to Foresight News, citing The Paper, Hong Kong-listed securities firm Bright Smart Securities issued an announcement stating that Shanghai Yunxin Information Technology Co., Ltd., through its subsidiary Wealthiness and Prosperity Holding Limited, has launched a tender offer for Bright Smart Securities at a price of HK$3.28 per share. Shanghai Yunxin 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.
Previously, in August last year, Bright Smart Securities' executive director and CEO, Xu Yibin, stated that if an officially recognized custodian institution is available, the company would consider developing virtual currency trading services.
