【1428】NDRC Gives "Green Light" to Allow Ant Group to Acquire Stakes in Yao Cai Securities; Resume Trading on 3.17

SocialAnxietyStaker · 2026-03-16T16:46:37+00:00

Shinewing Securities Finance (01428) surged significantly amid high trading volume, with the stock price reaching a high of HKD 9.95 and closing at HKD 9.27, before trading was suspended. Ant Group completed the relevant reporting procedures and received approval for the acquisition of Shinewing. The share purchase agreement is expected to be finalized by March 30, 2026. Ant Group's main shareholder qualification has been extended until April 30, 2026.

SocialAnxietyStaker

2026-03-16 16:46:37

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Emperor Securities Finance (01428)
Last Friday (13th), with high trading volume, Emperor Securities soared by 43.8%, reaching a high of HKD 9.95, closing up 34% at HKD 9.27, with trading volume surging to over HKD 3.79 billion. On Monday (16th), Emperor Securities Finance announced a temporary suspension of trading pending the publication of an announcement regarding insider information about the company in accordance with the Hong Kong Takeovers and Mergers Code.

After market close on Monday, Emperor Securities Finance announced that Ant Group has completed the reporting procedures to relevant Chinese authorities for the proposed transaction under the share purchase agreement, in accordance with the Regulations on the Administration of Outbound Investment by Enterprises for high-value non-sensitive investment projects. As a result, condition © has been satisfied, meaning Ant Group’s acquisition of Emperor Securities Finance has received approval from the National Development and Reform Commission, allowing the deal to proceed before the final deadline of March 25, 2026. Emperor Securities Finance resumed trading on Tuesday (17th).

Both parties currently expect the share purchase agreement to be finalized by March 30, 2026. Apart from the completion conditions that can only be fulfilled upon the completion of the share purchase agreement, all other conditions have been met.

Additionally, Ant Group was approved by the Hong Kong Securities and Futures Commission to become a major shareholder of Emperor Securities in September 2025. However, this must be finalized by March 23, 2026, and Ant Group has applied to the SFC, which has extended the validity of the major shareholder approval until April 30, 2026.

Source: Announcement

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