Bright Smart Securities & Finance: Ant Group's takeover offer extended by 4 months

Odaily Planet Daily reports that Bright Smart Securities and Ant Group have signed an amended agreement extending the takeover offer period by four months, with the final deadline updated to March 25, 2026. The announcement also cautioned that the fulfillment of the transaction conditions and the final outcome remain uncertain. According to regulatory requirements in both Hong Kong and mainland China, Ant Group's acquisition of Bright Smart requires approval from the Hong Kong Securities and Futures Commission (SFC) and the National Development and Reform Commission (NDRC) of China. The SFC approved the acquisition on September 23, while the NDRC filing indicates it is progressing as planned. (Jinshi)