Ant Group buys retail broker Bright Smart to set up ‘bridgehead’ in Hong Kong’s market

Ant Group buys retail broker Bright Smart to set up ‘bridgehead’ in Hong Kong’s market

Ant Group has bought control of Hong Kong’s largest retail stock brokerage, as mainland China’s dominant online-payment operator stakes out a foothold in Asia’s third-largest capital market amid a resurgence of initial public offerings (IPOs) and transactions. Ant Group agreed to pay HK$2.81 billion (US$362.2 million) for 50.55 per cent of Bright Smart Securities &…

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Ant Group buys retail broker Bright Smart to set up ‘bridgehead’ in Hong Kong’s market

Ant Group buys retail broker Bright Smart to set up ‘bridgehead’ in Hong Kong’s market

Ant Group has bought control of Hong Kong’s largest retail stock brokerage, as mainland China’s dominant online-payment operator stakes out a foothold in Asia’s third-largest capital market amid a resurgence of initial public offerings (IPOs) and transactions. Ant Group agreed to pay HK$2.81 billion (US$362.2 million) for 50.55 per cent of Bright Smart Securities &…

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