FilingReader Intelligence

Bright Smart acquisition stalls as conditions remain unmet

July 11, 2025 at 11:31 AM UTC•By FilingReader AI

Wealthiness and Prosperity Holding Limited and Bright Smart Securities announced that none of the completion conditions for their unconditional mandatory cash offer have been satisfied as of July 11, 2025.

The offeror is engaging with regulators to satisfy outstanding conditions, but the deal may or may not proceed.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

JOINT ANNOUNCEMENT - MONTHLY UPDATE ON THE POSSIBLE UNCONDITIONAL MANDATORY CASH OFFER BY MORGAN STANLEY ASIA LIMITED FOR AND ON BEHALF OF THE OFFEROR FOR ALL THE ISSUED SHARES OF THE COMPANY (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY THE OFFEROR AND THE OFFEROR CONCERT PARTIES)July 11, 2025 at 11:05 AM UTC

Bright Smart Securities & Commodities Group

HKEX:1428•Hong Kong Exchange

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