HK Stock Market Move | JF SMARTINVEST (09636) rose by over 6% in intraday trading and intends to acquire Yintech Financial and its core information system to enter the overseas financial industry.

JF SMARTINVEST (09636) rose over 6% during trading hours, with a 5.85% increase at the time of writing, reaching HK$30.75 with a trading volume of HK$71.10 million. In terms of news, JF SMARTINVEST announced that on April 3, 2025, the company entered into a purchase agreement with Silverlake Holdings, the target company Yintech Financial, and Shanghai Feishow (an indirect subsidiary of Silverlake Holdings). As per the agreement, the company conditionally agreed to acquire all the shares of the target company and purchase the core information system. The company will pay approximately HK$108.8 million for the acquisition of all the shares of the target company, and HK$18.16 million for the purchase of the core information system. This acquisition includes the core information system used by the target group, specifically designed and iteratively upgraded based on its business needs. The system covers securities, futures, and fund counter systems, providing strong support for centralized transaction management, clearing and settlement, and risk management in various business scenarios of the target group. The acquisition of the core information system used by the target group will ensure the uninterrupted and stable operation of the business, avoiding costs and risks associated with system switching.