Ant Wealth's HKD 2.8 billion tender offer to acquire Yaocai Securities, which is considering developing virtual currency trading services

Odaily Planet Daily News: Hong Kong listed securities firm Yaocai Securities announced that Shanghai Yunjin Information Technology Co., Ltd. has launched a tender offer to Yaocai Securities through its subsidiary Wealthiness and Prosperity Holding Limited at a price of HKD 3.28 per share. Shanghai Yunjin is also a shareholder of Ant Wealth. The announcement shows that the buyer and seller have entered into a share purchase agreement on April 25th, trading approximately 858 million shares, accounting for approximately 50.55% of the total issued shares. The total cash consideration is HKD 2.814 billion, and a 10% deposit has been paid. (Pengpai News) It is reported that Xu Yibin, Executive Director and CEO of Yaocai Securities, has previously stated that if there is a recognized official custodian institution, it will consider developing virtual currency trading services.