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Home News Ant Group Acquires 50.55% Stake in Futu Securities for HKD 2.814 Billion

Ant Group Acquires 50.55% Stake in Futu Securities for HKD 2.814 Billion

Ant Group Acquires 50.55% Stake in Futu Securities for HKD 2.814 Billion

BlockBeats News, March 31st, according to Jiemian News, Guotai Junan Securities announced that Ant Wealth successfully acquired 50.55% of the company’s equity for HKD 2.814 billion and completed the equity delivery. Previously, all necessary regulatory approvals and delivery conditions have been met.

Public information shows that Guotai Junan Securities was founded by Ye Maolin in 1995. The company was listed on the main board of the Hong Kong Stock Exchange in 2010 and holds Hong Kong Securities and Futures Commission licenses 1, 2, 4, 5, 6, and 9. Its core businesses include securities brokerage, margin financing, commodities and futures brokerage, and spot foreign exchange trading. It is the only trading firm in Hong Kong to pioneer real-time trading volume and price.

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