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Ant completes acquisition of Hong Kong stablecoin concept stocks Yao Cai Securities, acquiring a 50.55% stake for HKD 2.814 billion.
Golden Finance reports that, according to a disclosure by Caixin.com, Ant Group completed the settlement of its acquisition of Hong Kong stablecoin concept stock, Yau Che Securities, after acquiring it for HK$2.814 billion for 50.55% of its equity. The board of directors of Yau Che Securities has been comprehensively reorganized, and current executive directors have been appointed, including Zheng Yanlan, head of the overseas business preparation group for the Ant Wealth segment under Ant Group; Huang Hao, current senior vice president of Ant Group; Liu Zheng, current chief financial officer of Ant Group; and others.