A view of the Ant Group building on March 23, 2025 in Chongqing, China.
Photo | Future Publishing | Getty Images
shares of Bright Smart Securities Shares soared as much as 82% on Tuesday after the Ant Group unit completed the necessary formalities to acquire a Hong Kong-listed securities company.
The stock has since trimmed its gains, rising 70% as of 10:45 p.m. ET, its highest since July 2025.
The rise came after Ant Group subsidiary Wealthiness and Prosperity Holding said it had completed the necessary reporting procedures with Chinese regulators for its big-ticket overseas investment project, clearing the way for the deal to close.
The companies said in a joint filing released after trading hours on Monday that the reporting process was completed on Sunday.
The transaction is expected to close on or about March 30th. Upon completion of the transaction, an unconditional mandatory cash offer may be triggered for all remaining Bright Smart shares not already owned by Ant Group subsidiaries.
