Bright Smart Renews Connected Party Office Leases Under HKEX Rules

Bright Smart Securities & Commodities Group Limited ( (HK:1428) ) has issued an announcement.

Bright Smart Securities & Commodities Group Limited has renewed key office tenancies through its subsidiary Ideal Magic Limited, which on 31 December 2025 entered into amendment agreements with landlord entities wholly owned by chairman and controlling shareholder Mr. Yip to extend leases on its premises for a further two years from April 2026. Under accounting rules, the renewed leases will be recognised as right-of-use assets on the group’s balance sheet and treated as asset acquisitions, and because the landlords are connected parties, the transactions fall under Hong Kong’s connected transaction regime; however, given the relatively small size of the estimated right-of-use asset, the deals require disclosure and announcement but are exempt from circular and independent shareholders’ approval, signalling routine renewal of strategic office space with limited regulatory and financial impact.

The most recent analyst rating on (HK:1428) stock is a Hold with a HK$9.00 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-based financial services group engaged in securities and commodities brokerage and related financial services, serving retail and institutional investors in the Hong Kong market. The group operates through various subsidiaries to provide trading, investment and financing solutions, and maintains office premises in core business districts to support its operations.

Average Trading Volume: 19,322,380

Technical Sentiment Signal: Buy

Current Market Cap: HK$14.04B

For detailed information about 1428 stock, go to TipRanks’ Stock Analysis page.