Long Stop Date to Be Extended as Full Conditions for Ant's Investment in BRIGHT SMART Remain Unmet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
0mins
Source: aastocks
Stock Performance: BRIGHT SMART (01428.HK) experienced a decline of 4.48%, closing at $8.32 with a trading volume of approximately 11.59 million shares.
Offer Update: Wealthiness and Prosperity Holding Limited announced that the completion conditions for Ant's investment in BRIGHT SMART may not be met by the approaching Long Stop Date of November 25.
Potential Extension: The offeror is considering extending the Long Stop Date and is actively engaging with relevant authorities to fulfill the completion conditions.
Short Selling Activity: The stock has seen short selling amounting to $9.15 million, with a short selling ratio of 9.454%.
Analyst Views on 01428
Wall Street analysts forecast 01428 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01428 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 9.180
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Current: 9.180
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
