Core Viewpoint - The Hong Kong stock market is experiencing a decline, but Yao Cai Securities has seen a significant increase in its stock price due to the approval of Ant Group's acquisition by the Hong Kong Securities and Futures Commission [2][5]. Group 1: Market Performance - The Hong Kong stock market is generally down, with the three major indices showing a decline [2]. - Yao Cai Securities' stock price surged by over 30%, reaching a peak increase of 37.39% during trading [2][3]. Group 2: Acquisition Details - Ant Group's acquisition of Yao Cai Securities has received approval from the Hong Kong Securities and Futures Commission, but it still requires approval from the National Development and Reform Commission [4][5]. - The acquisition was initiated on April 25, with Ant Group offering HKD 3.28 per share, totaling HKD 28.14 billion, which represents a 7.5% premium over the last closing price before suspension and a 365% premium over the net asset value disclosed in the mid-2025 financial report [6]. - Yao Cai Securities holds several financial service licenses, and the acquisition will allow Ant Group to enhance its service offerings by obtaining additional licenses [6].