Group 1 - The core point of the news is that Yao Cai Securities experienced a significant stock price surge following a takeover bid from Shanghai Yunjin Information Technology Co., Ltd., a subsidiary of Ant Group, with a proposed price of HKD 3.28 per share, representing a 17.6% premium over the previous closing price [1] - Yao Cai Securities' stock opened 60% higher and peaked at over 90% increase, reaching a historical high of HKD 6, closing with an 82% gain and a market capitalization of HKD 9.42 billion [1] - The acquisition involves approximately 858 million shares, accounting for about 50.55% of Yao Cai Securities' total issued shares, with a total transaction value of approximately HKD 2.814 billion [1] Group 2 - The controlling shareholder of Yao Cai Securities is Ye Maolin, who holds 50.04% of the shares, with 725 million shares held through New Changming Holdings, which is also the main party in the acquisition [2] - Yao Cai Securities has shown stable profitability, with revenues of HKD 8.82 billion, HKD 8.46 billion, and HKD 4.49 billion for the fiscal years 2023 to the first half of 2025, and net profits of HKD 6.21 billion, HKD 5.59 billion, and HKD 3.12 billion for the same periods [2] - The anticipated net profit for the fiscal year 2025 is approximately HKD 6.13 billion, reflecting a 10% increase from the previous year's HKD 5.59 billion [2]