Ant Group Extends Acquisition of Stablecoin Concept Stock Yao Choi Securities Deadline

On November 13th, according to Caixin, the Hong Kong-listed stablecoin concept stock Bright Smart Securities announced that the acquirer Ant Group is considering the possibility of extending the final deadline of the transaction. As per the acquisition agreement reached between both parties in April, the original deadline for the transaction was November 25, 2025. However, the acquirer has the right to postpone the transaction date. It is reported that this transaction requires the approval of the Hong Kong Securities and Futures Commission and the National Development and Reform Commission, but it may not be possible to fulfill all the transaction conditions before November 25. Earlier reports indicated that there were rumors in the market that Ant's acquisition of Bright Smart was for applying for a virtual asset trading platform license. Jason Hui, the CEO, further added that the company's current relationship with Ant is merely that of the offeree and the offeror, but they are closely monitoring market trends. They will conduct further investigations to consider whether to upgrade the existing license to a virtual asset trading platform license.