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Ant Group completes acquisition of Hong Kong stablecoin concept stock Yao Cai Securities
ME News, March 31 (UTC+8): Ant Group completed the settlement of its acquisition of Hong Kong stablecoin concept stock Yao Cai Securities. It acquired 50.55% of the shares for HKD 2.814 billion. Yao Cai Securities’ board of directors was fully restructured; Zheng Yanlan, currently head of Ant Group’s overseas business preparation team under the Ant Wealth division, Huang Hao, senior vice president of Ant Group, Liu Zheng, Chief Financial Officer of Ant Group, and others were appointed as executive directors. (Source: ChainCatcher)