07:00 AM EDT, 03/16/2026 (MT Newswires) -- Alibaba Group Holding ( BABA ) affiliate Ant Group is about to complete its acquisition of Hong Kong-listed brokerage Bright Smart Securities & Commodities Group, Bloomberg News reported Monday, citing people familiar with the matter.

Ant is close to receiving approvals from authorities in mainland China, the people reportedly said.

The deal was announced in April 2025 when Bright Smart Chairman, Yip Mow Lum, conditionally agreed to sell his 50.55% stake to Wealthiness and Prosperity Holding, which is ultimately controlled by Ant, for HK$2.81 billion ($360 million), according to the report.

Ant and Bright Smart did not immediately respond to MT Newswires' request for comment on the matter.

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