Ant Fortune to make a HKD 2.80 billion tender offer for Bright Smart Securities, which is considering developing virtual currency trading services.

Foresight News reports, according to The Paper, that Hong Kong-listed brokerage Bright Smart Securities announced that Shanghai Yunjin Information Technology Co., Ltd., through its subsidiary Wealthiness and Prosperity Holding Limited, has launched a tender offer to Bright Smart Securities at a price of HKD 3.28 per share. Shanghai Yunjin is also a shareholder of Ant Fortune. The announcement shows that the buyer and seller signed a share purchase agreement on April 25, involving approximately 858 million shares, accounting for about 50.55% of the total issued shares, with a total cash consideration of HKD 2.81 billion, and a 10% deposit has been paid.