Long Stop Date to Be Extended as Full Conditions for Ant's Investment in BRIGHT SMART Remain Unmet
Stock Performance: BRIGHT SMART (01428.HK) experienced a decline of 4.48%, closing at $8.32 with a trading volume of approximately 11.59 million shares.
Offer Update: Wealthiness and Prosperity Holding Limited announced that the completion conditions for Ant's investment in BRIGHT SMART may not be met by the approaching Long Stop Date of November 25.
Potential Extension: The offeror is considering extending the Long Stop Date and is actively engaging with relevant authorities to fulfill the completion conditions.
Short Selling Activity: The stock has seen short selling amounting to $9.15 million, with a short selling ratio of 9.454%.
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HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
BRIGHT SMART Contributes $10 Million to Aid Victims of Wang Fuk Court Incident
Company Donation: BRIGHT SMART (01428.HK) announced a donation of HKD10 million to the "Support Fund for Wang Fuk Court in Tai Po" established by the Hong Kong SAR Government.
Purpose of Donation: The donation aims to assist residents affected by the Wang Fuk Court fire in rebuilding their homes and providing financial and emotional support to the impacted families.
Short Selling Information: The company reported short selling of $7.04 million with a ratio of 12.321%.
Stock Quote Delay: The HK stocks quote is delayed for at least 15 minutes, with short selling data as of December 2, 2025, at 16:25.
BRIGHT SMART Soars 12% Following Increased Ant Group Acquisition Offer to $164M
Stock Performance: Bright Smart (01428.HK) opened 12% higher at $8.4, surged to a high of $8.4, and last traded at $8.14, reflecting an 8.53% increase with a trading volume of 10.1135 million shares.
Short Selling Activity: The stock experienced short selling amounting to $9.56 million, with a short selling ratio of 12.585%.
Acquisition Update: Bright Smart, previously acquired by Ant Group, has amended its agreement to extend the Long Stop Date to March 25, 2026, and increased the Further Deposit from $141 million to $164 million.
Market Information: The stock quote is delayed by at least 15 minutes, and the short selling data is as of November 25, 2025.
Ant Group Prolongs Deadline for BRIGHT SMART Acquisition to Late March 2026
Stock Performance: BRIGHT SMART (01428.HK) saw an increase of 8.267%, with a short selling amount of $9.56 million and a ratio of 12.585%.
Acquisition Update: The Offeror and BRIGHT SMART have amended their agreement, extending the Long Stop Date from February 25, 2026, to March 25, 2026, and increasing the Further Deposit from $141 million to $164 million.
Long Stop Date to Be Extended as Full Conditions for Ant's Investment in BRIGHT SMART Remain Unmet
Stock Performance: BRIGHT SMART (01428.HK) experienced a decline of 4.48%, closing at $8.32 with a trading volume of approximately 11.59 million shares.
Offer Update: Wealthiness and Prosperity Holding Limited announced that the completion conditions for Ant's investment in BRIGHT SMART may not be met by the approaching Long Stop Date of November 25.
Potential Extension: The offeror is considering extending the Long Stop Date and is actively engaging with relevant authorities to fulfill the completion conditions.
Short Selling Activity: The stock has seen short selling amounting to $9.15 million, with a short selling ratio of 9.454%.
BRIGHT SMART and YUNFENG FIN Drop 4-5% as Ant Group and JD Allegedly Halt HK Stablecoin Initiatives
Market Performance: The HSI surged by 637 points (2.5%) to 25,884 at the open, later stabilizing at 25,744 with a turnover of HKD62.23 billion, driven by strong performances from major tech stocks like JD-SW and BABA-W.
Stablecoin Regulatory Concerns: Chinese tech giants, including Ant Group and JD-SW, have halted plans to issue stablecoins in Hong Kong due to regulatory concerns from China regarding private sector-controlled stablecoins, impacting related stocks negatively.
HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
BRIGHT SMART Contributes $10 Million to Aid Victims of Wang Fuk Court Incident
Company Donation: BRIGHT SMART (01428.HK) announced a donation of HKD10 million to the "Support Fund for Wang Fuk Court in Tai Po" established by the Hong Kong SAR Government.
Purpose of Donation: The donation aims to assist residents affected by the Wang Fuk Court fire in rebuilding their homes and providing financial and emotional support to the impacted families.
Short Selling Information: The company reported short selling of $7.04 million with a ratio of 12.321%.
Stock Quote Delay: The HK stocks quote is delayed for at least 15 minutes, with short selling data as of December 2, 2025, at 16:25.
BRIGHT SMART Soars 12% Following Increased Ant Group Acquisition Offer to $164M
Stock Performance: Bright Smart (01428.HK) opened 12% higher at $8.4, surged to a high of $8.4, and last traded at $8.14, reflecting an 8.53% increase with a trading volume of 10.1135 million shares.
Short Selling Activity: The stock experienced short selling amounting to $9.56 million, with a short selling ratio of 12.585%.
Acquisition Update: Bright Smart, previously acquired by Ant Group, has amended its agreement to extend the Long Stop Date to March 25, 2026, and increased the Further Deposit from $141 million to $164 million.
Market Information: The stock quote is delayed by at least 15 minutes, and the short selling data is as of November 25, 2025.
Ant Group Prolongs Deadline for BRIGHT SMART Acquisition to Late March 2026
Stock Performance: BRIGHT SMART (01428.HK) saw an increase of 8.267%, with a short selling amount of $9.56 million and a ratio of 12.585%.
Acquisition Update: The Offeror and BRIGHT SMART have amended their agreement, extending the Long Stop Date from February 25, 2026, to March 25, 2026, and increasing the Further Deposit from $141 million to $164 million.
Long Stop Date to Be Extended as Full Conditions for Ant's Investment in BRIGHT SMART Remain Unmet
Stock Performance: BRIGHT SMART (01428.HK) experienced a decline of 4.48%, closing at $8.32 with a trading volume of approximately 11.59 million shares.
Offer Update: Wealthiness and Prosperity Holding Limited announced that the completion conditions for Ant's investment in BRIGHT SMART may not be met by the approaching Long Stop Date of November 25.
Potential Extension: The offeror is considering extending the Long Stop Date and is actively engaging with relevant authorities to fulfill the completion conditions.
Short Selling Activity: The stock has seen short selling amounting to $9.15 million, with a short selling ratio of 9.454%.
BRIGHT SMART and YUNFENG FIN Drop 4-5% as Ant Group and JD Allegedly Halt HK Stablecoin Initiatives
Market Performance: The HSI surged by 637 points (2.5%) to 25,884 at the open, later stabilizing at 25,744 with a turnover of HKD62.23 billion, driven by strong performances from major tech stocks like JD-SW and BABA-W.
Stablecoin Regulatory Concerns: Chinese tech giants, including Ant Group and JD-SW, have halted plans to issue stablecoins in Hong Kong due to regulatory concerns from China regarding private sector-controlled stablecoins, impacting related stocks negatively.
