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Ant Group completes acquisition of Hong Kong stablecoin concept stock Yao Cai Securities
ME News update, on March 31 (UTC+8), Ant Group completed the settlement after acquiring Hong Kong stablecoin concept stock operator Yao Cai Securities, taking 2.814 billion Hong Kong dollars for its 50.55% stake. Yao Cai Securities’ board of directors has been fully reconstituted, and executives including Zheng Yanlan, who currently leads the overseas business preparation team for Ant Group’s Ant Wealth segment; Huang Hao, a current senior vice president at Ant Group; and Liu Zheng, the current CFO of Ant Group, have been appointed as executive directors. (Source: ChainCatcher)