Bright Smart offeror extends long stop date, delays document despatch

Wealthiness and Prosperity Holding Limited, the offeror, has extended the Long Stop Date for its unconditional mandatory cash offer for Bright Smart Securities & Commodities Group Limited to March 25, 2026. This follows an amendment to the Share Purchase Agreement on November 25, 2025, which also adjusted the Further Deposit from HK$140,708,720 to HK$164,160,173.33.

The extension is due to timing considerations for regulatory reporting and the upcoming holiday period in early 2026, which is expected to require additional time for satisfying a key Completion Condition. Consequently, the despatch of the Composite Document has been further delayed. An application has been made to the Executive to extend the latest despatch date to no later than seven days after Completion or April 20, 2026, whichever is earlier, with the Executive indicating a readiness to grant consent.

Morgan Stanley & Co., International plc, an associate of the Offeror, disclosed several dealings in Bright Smart shares on November 24, 2025, including sales of 16,000 and 35,000 derivatives, and a purchase of 22,000 derivatives. These transactions, made for its own account, involved prices ranging from $7.1751 to $7.2646. The firm also reported a sale of 86,000 derivatives at $7.2253.