BRIGHT SMART (01428) Drops Over 6% Intraday as Interim Net Profit Hits HK$327M; Ant Group's Acquisition Deadline Extended

Stock News12-01

BRIGHT SMART (01428) fell more than 6% during the trading session, declining 6.05% to HK$7.46 by the time of writing, with a turnover of HK$83.43 million.

The company recently announced its interim results for the six months ended September 30, 2025, reporting revenue of HK$497 million, up 10.72% year-on-year, and a net profit of HK$327 million, a 4.77% increase. Basic earnings per share stood at HK$0.1926.

Notably, BRIGHT SMART disclosed that it had signed an amended agreement with Ant Group to extend the acquisition deadline by four months, with the new final cutoff date set for March 25, 2026. Additionally, the deposit amount was revised from HK$141 million (5% of the total consideration) to HK$164 million, which Ant Group has already paid as of the announcement date.

In 2025, Ant Group has been actively expanding in Hong Kong—establishing an international headquarters, injecting capital into a local bank, and acquiring office properties. However, concerns have arisen over funding pressures and strategic synergies amid its rapid expansion.

From a regulatory perspective, cross-border financial acquisitions involve considerations of market competition and financial stability. Previous cases have seen extended approval timelines or rejections, leaving uncertainty over whether Ant Group's acquisition will secure regulatory clearance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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