Bright Smart Shares Jump After Ant Acquisition

Dow Jones

04-28

By Tracy Qu

Shares of brokerage Bright Smart Securities & Commodities Group surged to a record high after Alibaba affiliate Ant Group took a majority stake in the company.

Bright Smart stock jumped 90% as it resumed trading on Monday in Hong Kong, climbing to a peak of 6.00 Hong Kong dollars, equivalent to 77 U.S. cents, before paring gains.

This followed news on Friday that Ant Group, the operator of the hugely popular mobile payments platform Alipay, had acquired a roughly 50.55% stake in Bright Smart for US$362.8 million.

The HK$3.28-a-share price tag represented a premium of about 18% over the stock's price before trade was halted Wednesday, according to a filing on Hong Kong Stock Exchange on Friday.

Ant said in the filing that it firmly believes in the long-term development of China's economy and Hong Kong's economy, and believes in generating great market opportunities via the combination of technology and wealth management.

Ant was fined close to $1 billion by China's financial regulators in 2023 for issues including violating laws and regulations when it conducted banking and insurance activities. This came after Beijing scuttled its blockbuster initial public offerings in Hong Kong and Shanghai in late 2020.

Founded in 1995, Bright Smart offers securities trading, stock futures and options trading, and other services. The company went public in Hong Kong in 2010.

Write to Tracy Qu at tracy.qu@wsj.com

(END) Dow Jones Newswires

April 28, 2025 02:52 ET (06:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2530457964"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2530457964\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2530457964?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-28 14:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2530457964","market":"nz","top_or_hot":-1,"title":"Bright Smart Shares Jump After Ant Acquisition","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Tracy Qu \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of brokerage Bright Smart Securities &amp; Commodities Group surged to a record high after Alibaba affiliate Ant Group took a majority stake in the company. \n</p>\n<p>\n  Bright Smart stock jumped 90% as it resumed trading on Monday in Hong Kong, climbing to a peak of 6.00 Hong Kong dollars, equivalent to 77 U.S. cents, before paring gains. \n</p>\n<p>\n  This followed news on Friday that Ant Group, the operator of the hugely popular mobile payments platform Alipay, had acquired a roughly 50.55% stake in Bright Smart for US$362.8 million. \n</p>\n<p>\n  The HK$3.28-a-share price tag represented a premium of about 18% over the stock's price before trade was halted Wednesday, according to a filing on Hong Kong Stock Exchange on Friday. \n</p>\n<p>\n  Ant said in the filing that it firmly believes in the long-term development of China's economy and Hong Kong's economy, and believes in generating great market opportunities via the combination of technology and wealth management. \n</p>\n<p>\n  Ant was fined close to $1 billion by China's financial regulators in 2023 for issues including violating laws and regulations when it conducted banking and insurance activities. This came after Beijing scuttled its blockbuster initial public offerings in Hong Kong and Shanghai in late 2020. \n</p>\n<p>\n  Founded in 1995, Bright Smart offers securities trading, stock futures and options trading, and other services. The company went public in Hong Kong in 2010. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Tracy Qu at tracy.qu@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2025 02:52 ET (06:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bright Smart Shares Jump After Ant Acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBright Smart Shares Jump After Ant Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-28 14:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Tracy Qu \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of brokerage Bright Smart Securities &amp; Commodities Group surged to a record high after Alibaba affiliate Ant Group took a majority stake in the company. \n</p>\n<p>\n  Bright Smart stock jumped 90% as it resumed trading on Monday in Hong Kong, climbing to a peak of 6.00 Hong Kong dollars, equivalent to 77 U.S. cents, before paring gains. \n</p>\n<p>\n  This followed news on Friday that Ant Group, the operator of the hugely popular mobile payments platform Alipay, had acquired a roughly 50.55% stake in Bright Smart for US$362.8 million. \n</p>\n<p>\n  The HK$3.28-a-share price tag represented a premium of about 18% over the stock's price before trade was halted Wednesday, according to a filing on Hong Kong Stock Exchange on Friday. \n</p>\n<p>\n  Ant said in the filing that it firmly believes in the long-term development of China's economy and Hong Kong's economy, and believes in generating great market opportunities via the combination of technology and wealth management. \n</p>\n<p>\n  Ant was fined close to $1 billion by China's financial regulators in 2023 for issues including violating laws and regulations when it conducted banking and insurance activities. This came after Beijing scuttled its blockbuster initial public offerings in Hong Kong and Shanghai in late 2020. \n</p>\n<p>\n  Founded in 1995, Bright Smart offers securities trading, stock futures and options trading, and other services. The company went public in Hong Kong in 2010. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Tracy Qu at tracy.qu@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2025 02:52 ET (06:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1147","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530457964","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530457964","pubTimestamp":1745823120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of brokerage Bright Smart Securities & Commodities Group surged to a record high after Alibaba affiliate Ant Group took a majority stake in the company.Bright Smart stock jumped 90% as it resumed trading on Monday in Hong Kong, climbing to a peak of 6.00 Hong Kong dollars, equivalent to 77 U.S. cents, before paring gains.This followed news on Friday that Ant Group, the operator of the hugely popular mobile payments platform Alipay, had acquired a roughly 50.55% stake in Bright Smart for US$362.8 million.The HK$3.28-a-share price tag represented a premium of about 18% over the stock's price before trade was halted Wednesday, according to a filing on Hong Kong Stock Exchange on Friday.Ant was fined close to $1 billion by China's financial regulators in 2023 for issues including violating laws and regulations when it conducted banking and insurance activities. This came after Beijing scuttled its blockbuster initial public offerings in Hong Kong and Shanghai in late 2020.Founded in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1147":"投资银行业与经纪业","01428":"耀才证券金融"},"translate_title":"蚂蚁收购后光明智能股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01428":0.9},"content_text":"By Tracy Qu \n\n\n \n\n\n  Shares of brokerage Bright Smart Securities & Commodities Group surged to a record high after Alibaba affiliate Ant Group took a majority stake in the company. \n\n\n  Bright Smart stock jumped 90% as it resumed trading on Monday in Hong Kong, climbing to a peak of 6.00 Hong Kong dollars, equivalent to 77 U.S. cents, before paring gains. \n\n\n  This followed news on Friday that Ant Group, the operator of the hugely popular mobile payments platform Alipay, had acquired a roughly 50.55% stake in Bright Smart for US$362.8 million. \n\n\n  The HK$3.28-a-share price tag represented a premium of about 18% over the stock's price before trade was halted Wednesday, according to a filing on Hong Kong Stock Exchange on Friday. \n\n\n  Ant said in the filing that it firmly believes in the long-term development of China's economy and Hong Kong's economy, and believes in generating great market opportunities via the combination of technology and wealth management. \n\n\n  Ant was fined close to $1 billion by China's financial regulators in 2023 for issues including violating laws and regulations when it conducted banking and insurance activities. This came after Beijing scuttled its blockbuster initial public offerings in Hong Kong and Shanghai in late 2020. \n\n\n  Founded in 1995, Bright Smart offers securities trading, stock futures and options trading, and other services. The company went public in Hong Kong in 2010. \n\n\n \n\n\n  Write to Tracy Qu at tracy.qu@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2025 02:52 ET (06:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}