TechFlow News, April 29: Yaocai Securities & Finance (01428.HK) announced that the acquisition by Ant Fortune Holdings has been fully completed. Yaocai Securities stated that following the acquisition, it will accelerate its digital transformation and upgrading. It will also ensure stable operations and strictly comply with regulatory requirements in both mainland China and Hong Kong. Regarding market rumors, Yaocai clarified: “The company primarily serves local Hong Kong customers and will not expand brokerage services to clients holding mainland Chinese identities. Additionally, Yaocai has no plans to enter Web3-related areas such as tokenized assets.” (Jin10)
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