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Ant Group Acquires Majority Stake in Bright Smart for HK$2.81 Billion

Ant Group Acquires Majority Stake in Bright Smart for HK$2.81 Billion

BUSINESS - 4/28/2025

In a significant move, Ant Group has agreed to purchase a 50.55% stake in Bright Smart for HK$2.81 billion, causing the latter’s shares to soar by nearly 64%. This investment aims to enhance Ant's overseas operations amid regulatory challenges.

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