Core Viewpoint - The stock of Yao Cai Securities Financial experienced a significant decline following the announcement regarding the potential acquisition by Ant Group's subsidiary, raising concerns about the completion of the deal and its implications for shareholders [2][3] Group 1: Stock Performance - On November 12, Yao Cai Securities Financial's stock opened lower, with an intraday drop of nearly 5%, trading at 8.32 HKD per share, reflecting a day decline of 4.48% [2] Group 2: Acquisition Announcement - On the evening of November 11, Yao Cai Securities Financial issued an announcement regarding the acquisition by Ant Group's subsidiary, indicating that the remaining conditions for completion may not be met by the final deadline of November 25 [2] - The company cautioned shareholders and potential investors that the completion of the acquisition is contingent upon the fulfillment of conditions outlined in the share purchase agreement, which may or may not be realized [2] Group 3: Financial Details - According to a previous announcement on April 25, Ant Group's wholly-owned subsidiary, Shanghai Yun Jin, plans to acquire 50.55% of Yao Cai Securities' controlling shareholder, New Chang Ming Holdings, at a price of 3.28 HKD per share, totaling approximately 28.14 billion HKD [2] - Shanghai Yun Jin is also a shareholder of Ant Wealth, an internet financial platform, and Yao Cai Securities Financial has indicated that this collaboration is expected to drive future business growth and facilitate the company's digital transformation [2] Group 4: Regulatory Approval - The transaction requires approval from the Hong Kong Securities and Futures Commission and the National Development and Reform Commission of China [3] - On October 10, Yao Cai Securities Financial announced that Shanghai Yun Jin had received approval from the Hong Kong Securities and Futures Commission, becoming the major shareholder of several subsidiaries, with the acquisition process proceeding as planned with the National Development and Reform Commission [3]
蚂蚁集团或将延期收购交易 耀才证券金融跌超4%