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Bright Smart Securities & Commodities Group Limited ( (HK:1428) ) just unveiled an update.
Wealthiness and Prosperity Holding Limited and Bright Smart Securities & Commodities Group Limited have issued a monthly update on the proposed unconditional mandatory cash offer to acquire all issued shares of Bright Smart not already owned or agreed to be acquired by the offeror and its concert parties, to be made by Morgan Stanley Asia Limited on the offeror’s behalf. The parties report that only completion conditions (b) and (e) under the share purchase agreement have been satisfied so far, with the offeror continuing to work with relevant authorities to fulfill condition (c) and other outstanding conditions before the extended long stop date of 25 March 2026. As completion of the share purchase remains uncertain, shareholders are cautioned that the mandatory offer may or may not proceed and are advised to review the forthcoming composite document, including independent recommendations, before deciding whether to accept any offer.
The most recent analyst rating on (HK:1428) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Bright Smart Securities & Commodities Group Limited stock, see the HK:1428 Stock Forecast page.
More about Bright Smart Securities & Commodities Group Limited
Bright Smart Securities & Commodities Group Limited is a Hong Kong-listed financial services group operating in the securities and commodities sector, providing brokerage and related investment services to retail and institutional clients in the region.
Average Trading Volume: 11,335,408
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$15.39B
For a thorough assessment of 1428 stock, go to TipRanks’ Stock Analysis page.