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BRIGHT SMART (01428.HK) received a premium acquisition offer from Ant Group of approximately 17.6% and will resume trading on the 28th.
On April 25, Gelonghui reported that BRIGHT SMART (01428.HK) announced that on April 25, 2025, they entered into a share purchase agreement for the sale of shares, whereby the seller, New Changming Holdings Limited, conditionally agreed to sell, and the offeror, Wealthiness and Prosperity Holding Limited, conditionally agreed to acquire the shares being sold (i.e., 0.858 billion shares, accounting for approximately 50.55% of the total number of shares issued as of the date of the share purchase agreement and the seller's entire stake in the company), with a total cash consideration of 2.814 billion Hong Kong dollars (i.e., 3.28 Hong Kong dollars per share being sold).
BRIGHT SMART (01428) will change its controlling stake, proposing to receive a premium of approximately 17.6% from Ant Group through a full acquisition offer, and will resume trading on April 28.
BRIGHT SMART (01428) and the offeror WEALTHINESS AND PROSPERI...
Express News | Bright Smart Securities & Commodities - Share Purchase Agreement Between Offeror and Seller for 50.55% of Total Issued Shares of Co
Bright Smart Securities Announces Trading Halt Pending Inside Information Release
BRIGHT SMART (01428.HK) is temporarily suspended pending the release of inside information.
Glory Exchange announced on April 23 that BRIGHT SMART (01428.HK) shares have been temporarily suspended from trading on the Hong Kong Stock Exchange since 11:10 AM on April 23, 2025, at the request of BRIGHT SMART Financial Conglomerates Limited, pending the company's announcement regarding insider information in accordance with the Hong Kong Code on Takeovers and Mergers.
Express News | Bright Smart Securities & Commodities - Trading in Company's Shares Halted With Effect From 23 April 2025
