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Ant Group completes acquisition of Hong Kong stablecoin concept stock Yao Cai Securities
ME News message, March 31 (UTC+8), Ant Group completed settlement after acquiring Hong Kong stablecoin concept shares company Yaozai Securities, with a consideration of HK$2.814 billion for 50.55% of its equity. The board of directors of Yaozai Securities was comprehensively reconstituted, and current Ant Group’s executive appointments were made: Zheng Yanlan, head of the overseas business preparation group for Ant Group’s Ant Wealth segment; Huang Hao, current senior vice president of Ant Group; Liu Zheng, current chief financial officer of Ant Group; and others were appointed as executive directors. (Source: ChainCatcher)