Ant Group completed its acquisition of Yao Cai Securities for HK$2.814 billion and obtained a 50.55% equity stake.

GateNews

2026-03-31 06:00:41

Gate News reports that on March 31, Ant Group completed the acquisition of Hong Kong stablecoin concept stock Yaocai Securities. The company was acquired for HKD 2.814 billion, granting Ant Group a 50.55% ownership stake in Yaocai Securities. Following the completion of the transaction, Yaocai Securities’ board of directors underwent a comprehensive reorganization, and current executives—including Zheng Yanlan, head of the overseas business preparation team for Ant Wealth’s international operations under Ant Group; Huang Hao, senior vice president of Ant Group; and Liu Zheng, chief financial officer of Ant Group—were appointed as executive directors.

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