Ant Group’s Acquisition of Hong Kong Brokerages Gains Momentum Amid Speculation

Ant Group is advancing its plans to acquire the stake in Hong Kong-based brokerages, Chairman Ye Maolin’s 50.55% ownership, according to BlockBeats reports. CEO Xu Yibin confirmed the transaction’s ongoing progress and announced scheduled updates during their regulatory reporting process. While market rumors have circulated, Xu stressed that official announcements will be the definitive source of information.