延期4个月！蚂蚁收购耀才证券为何“卡壳”？

Core Viewpoint - The acquisition of Yao Cai Securities by Ant Group's subsidiary has been delayed, with the final deadline extended to March 25, 2026, due to regulatory approval processes and holiday factors [1][3]. Group 1: Acquisition Details - Ant Group's subsidiary, Shanghai Yun Jin Information Technology Co., Ltd., plans to acquire 50.55% of Yao Cai Securities at a price of HKD 3.28 per share, totaling approximately HKD 28.14 billion [3]. - The acquisition has received approval from the Hong Kong Securities and Futures Commission but still requires approval from the National Development and Reform Commission (NDRC) [3]. - The initial deadline for the transaction was set for November 25, 2023, but this has been postponed due to the pending NDRC approval [1][3]. Group 2: Regulatory and Market Environment - The delay in the acquisition may be influenced by changes in the regulatory environment and tightening of overseas brokerage account openings, which have made it more difficult for new clients to open accounts [3][4]. - Factors such as regulatory changes, foreign exchange market fluctuations, and the due diligence progress of both parties are critical in cross-border transactions [4]. Group 3: Business Implications - The acquisition could enhance Yao Cai Securities' capabilities in virtual asset trading, leveraging Ant Group's expertise in Web 3.0 technology and licensing [4]. - Yao Cai Securities currently holds multiple licenses from the Hong Kong Securities and Futures Commission, enabling it to expand into virtual asset services [5].