Ant Fortune made a HK$2.8 billion offer to acquire Yaochi Securities, which is considering developing virtual currency trading services

Odaily News Hong Kong-listed brokerage firm Yao Smart Securities announced that Shanghai Yunjin Information Technology Co., Ltd., through its subsidiary Wealthiness and Prosperity Holding Limited, has launched a tender offer to Yao Smart Securities at a price of HK$3.28 per share. Shanghai Yunjin is also a shareholder of Ant Fortune. The announcement shows that the buyer and seller have entered into a share purchase agreement on April 25, with a transaction of approximately 858 million shares, accounting for approximately 50.55% of the total issued shares. The total cash consideration is HK$2.814 billion, and a 10% deposit has been paid. (The Paper)
It is reported that Xu Yibin, executive director and CEO of Yao Smart Securities, has previously stated that if there is an approved official custodian institution, he will consider developing virtual currency trading services.