收购受阻？耀才澄清：正按计划推进

Core Viewpoint - The acquisition of Yao Cai Securities by Ant Group is facing potential delays due to tightened regulatory scrutiny, but the company clarifies that the acquisition process is proceeding as planned [1][3]. Group 1: Acquisition Details - On April 25, Yao Cai Securities announced that Ant Group, through Wealthiness and Prosperity Holding Limited, made a cash offer at HKD 3.28 per share, totaling HKD 28.14 billion, with a 10% deposit already paid [1]. - As of August 11, the offeror has been in active communication with regulatory bodies, including the Hong Kong Securities and Futures Commission and the National Development and Reform Commission, to address inquiries and progress towards completion conditions [5]. - The completion conditions include obtaining written approval from the Securities and Futures Commission for the main shareholders and submitting the transaction for approval to the National Development and Reform Commission [6][7]. Group 2: Stock Performance - Following the announcement of the acquisition, Yao Cai Securities' stock surged by over 460%, but has since retraced more than 20% from its peak due to adverse news [1]. - On April 28, the first trading day after the acquisition announcement, the stock rose by 81.97% to close at HKD 5.55 per share, reaching a high of HKD 17.68 per share on July 21 [9]. - As of August 15, the stock price was reported at HKD 12.8, reflecting a decline of over 27% from its peak [9]. Group 3: Operational Issues - On August 13, some investors reported issues accessing Yao Cai Securities' trading platform, leading to concerns about missed trading opportunities and losses [9]. - The company's CEO responded that the system was functioning normally, attributing access issues to network problems and updates occurring during specific hours [9].