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An announcement from Bright Smart Securities & Commodities Group Limited ( (HK:1428) ) is now available.
Bright Smart Securities & Commodities Group Limited has announced an update regarding the possible unconditional mandatory cash offer by Morgan Stanley Asia Limited on behalf of Wealthiness and Prosperity Holding Limited. The offer is contingent upon the satisfaction of certain completion conditions, including regulatory approvals. The company has received approval from the SFC for the Offeror to become a substantial shareholder, but other conditions remain pending. The outcome of this offer could significantly impact the company’s shareholder structure and market positioning.
The most recent analyst rating on (HK:1428) stock is a Hold with a HK$11.50 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, incorporated in the Cayman Islands, operates in the financial services industry. The company primarily offers securities, futures, commodities, asset management, and forex services, focusing on regulated group companies such as Bright Smart Futures & Commodities Company Limited and Bright Smart Securities International (H.K.) Limited.
Average Trading Volume: 43,327,476
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.17B
For detailed information about 1428 stock, go to TipRanks’ Stock Analysis page.