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Ant Group Extends Acquisition of Stablecoin Concept Stock Yao Choi Securities Deadline
BlockBeats News, November 13th, according to Caixin, Hong Kong-listed stablecoin concept stock Bright Smart Securities announced that the acquirer Ant Group is considering possibly extending the final deadline of the transaction. According to the acquisition agreement reached by both parties in April, the original deadline for the transaction was November 25, 2025. However, the acquirer has the right to extend the transaction date. It is reported that this transaction requires approval from the Hong Kong Securities and Futures Commission and the National Development and Reform Commission, but it may not be possible to meet all the transaction conditions before November 25.
Earlier reports suggested that there were rumors in the market that Ant's acquisition of Bright Smart was for applying for a virtual asset trading platform license. Jason Hui, the CEO, added that the company's current relationship with Ant is only that of the offeree and offeror, but they closely monitor market developments. They will conduct further research to consider whether to upgrade the existing license to a virtual asset trading platform license.
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