Bright Smart Securities hits record high after Ant Group agrees to buy stake

Reuters

04-28

Bright Smart Securities hits record high after Ant Group agrees to buy stake

HONG KONG, April 28 (Reuters) - Shares of Bright Smart Securities & Commodities Group 1428.HK are set to open 60.7% higher after resuming trade on Monday after Ant Group agreed to buy 50.55% stake in the Hong Kong-based brokerage for HK$2.81 billion ($362.26 million).

The stock set to open at HK$4.90 each, the highest since its debut in August 2010.

($1 = 7.7568 Hong Kong dollars)

(Reporting by Hong Kong newsroom; Editing by Christian Schmollinger)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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