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Ant Wealth plans to acquire a Brokerage license and make a tender offer for Yao Cai Securities, with a total cash price exceeding 2.8 billion Hong Kong dollars.
① ANT GROUP CO., LTD. is seeking to acquire a controlling stake in a brokerage in Hong Kong; ② A premium offer of 17.6% for the acquisition, with a total cash price exceeding 2.8 billion HKD; ③ ANT GROUP CO., LTD. has been continuously increasing mergers and acquisitions in the Technology sector and focusing on talent placement in Technology in recent years.
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p7pj : FXI tracks HK index, why would it be affected by delisting Chinese stocks?