. After the adjustment, Ma’s voting rights will fall to 6.2%, according to the statement and CNN calculations. Before the restructure, Ma held 50.52% of voting rights at Ant via Hangzhou Yunbo and two other entities, according to its IPO prospectus filed with stock exchanges in 2020.
” The voting rights overhaul came after Chinese regulators pulled the plug on Ant’s $37 billion IPO in November 2020, and ordered the company to restructure its business. As part of the company’s restructuring, Ant applied for an expansion of its registered capital from $1.2 billion to $2.7 billion. The China Banking and Insurance Regulatory Commission recently approved the application, according to a government notice issued late last week.
HiJack !
Has anyone seen Jack Ma..?
You mean CCP stole it from him. Stop with the many fancy english words. Wtf is reshape shareholding structure? You either increase or decrease your holding through buying or selling shares. Man is getting robbed in broad daylight n you are just parroting the pr by the criminals
Do you mean after CCP ordered the reshaping?
Mafia business
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