Ant Group says Jack Ma to relinquish control of company

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Ant Group says Jack Ma relinquishes control of company

Ma previously possessed more than 50% of voting rights at Ant but the changes will mean that his share falls to 6.2%, according to Reuters calculations., he exercised control over the company through related entities, according to Ant's IPO prospectus filed with the exchanges in 2020.

Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed.Our Standards:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's so sad man...with one fell swoop they reduced Jack Ma's hard work and vision to nothing. This feels like a bad dream.

馬雲在泰國

He is the Ant.

The last waterboarding was too much. Way to go, CCP.

He was the advocate of former chairman Jiang Zeming’s gang. And he was ignorant enough to challenge Xi jinping’s influence over the country. That’s why he fell so badly. He is considered as being lucky that he only ended up with being forced to “relinquish” his business not life

寡头没有好结果

为什么?

getsummari summarize

dugalira Good, all these pretentious tapori promoters should learn to plan a graceful exit

Flew too close to the sun?

Canada Canada Latest News, Canada Canada Headlines