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Ant Group Completes Acquisition of Hong Kong Stablecoin Concept Stock Yaocai Securities, Acquiring 50.55% Stake for HK$2.814 Billion
Svmuu News According to Caixin.com, Ant Group has completed the acquisition of Hong Kong stablecoin concept stock Yaocai Securities, acquiring a 50.55% stake for HK$2.814 billion. The board of directors of Yaocai Securities has been completely restructured. Zheng Yanlan, currently the head of the overseas business preparation group of Ant Group's Ant Fortune division; Huang Hao, currently Ant Group's Senior Vice President; and Liu Zheng, currently Ant Group's Chief Financial Officer, among others, have been appointed as executive directors.
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