Core Viewpoint - The acquisition of Yao Cai Securities by Ant Group's subsidiary, Shanghai Yun Jin, is expected to significantly enhance the company's growth and digital transformation, positioning it as a leading trading platform backed by advanced technology [1][6]. Group 1: Acquisition Details - Ant Group's subsidiary, Shanghai Yun Jin, plans to acquire approximately 858 million shares of Yao Cai Securities at a price of HKD 3.28 per share, totaling HKD 28.14 billion, which represents a 17.6% premium over the last trading price before suspension [3][4]. - The acquisition will result in a change of ownership for Yao Cai Securities, as the shares represent about 50.55% of the total issued shares [3][4]. Group 2: Company Background - Yao Cai Securities was founded in 1995 by Ye Maolin and primarily engages in stock trading, margin financing, securities custody, futures and options trading, leveraged foreign exchange trading, and spot gold and silver trading [4][5]. - The company has a history of offering low commission rates, having reduced its commission from 0.25% to 0.05% in 2003, which contributed to its rapid growth [5]. Group 3: Financial Performance - For the fiscal years 2022 to 2024, Yao Cai Securities reported total revenues of HKD 10.14 billion, HKD 10.50 billion, and HKD 11.21 billion, with year-on-year changes of -19.96%, -4.05%, and 3.09% respectively [5]. - The net profit attributable to shareholders for the same period was HKD 4.55 billion, HKD 5.43 billion, and HKD 5.06 billion, with year-on-year changes of -20.23%, 10.53%, and -9.95% respectively [5]. Group 4: Strategic Implications - The acquisition is expected to drive future business growth for Yao Cai Securities, enhance its digital transformation, and expand its service offerings to a broader customer base [6]. - Ant Group aims to leverage this acquisition to fill regulatory gaps in cross-border financial services and strengthen its position in the global financial services market [6].
蚂蚁集团28亿买券商，耀才证券早盘大涨60%