BRIGHT SMART (01428) Surges Over 11% in Afternoon Trading as Takeover Offer Progresses and Brokerage Benefits from Active Market Turnover

Stock News12-19

BRIGHT SMART (01428) rose more than 11% in afternoon trading. At the time of writing, the stock was up 10.53% to HK$8.19, with a turnover of HK$121 million.

The company previously announced an extension of its takeover offer timeline by four months, with the final deadline now set for March 25, 2026, following a revised agreement with Ant Group. The high-profile acquisition has made substantial progress in regulatory approvals. The Securities and Futures Commission of Hong Kong completed its review on September 23, while filings with the National Development and Reform Commission are proceeding as planned.

Additionally, BRIGHT SMART reported interim results for the period ending September, with revenue reaching HK$497 million, up 10.72% year-on-year, and net profit at HK$327 million, a 4.77% increase. Guojin Securities noted that brokerage income during the period surged 77.4% to HK$254 million, driven by active market turnover, as the Hong Kong Exchange's total trading volume rose 122.4% year-on-year.

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