China's fintech giant Ant Group has no plan to initiate an initial public offering , it said on Sunday in an emailed statement to Reuters.
Ant Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him give up most of his voting rights.
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Ant Group says founder Jack Ma to relinquish control of companySHANGHAI: China's Ant Group said on Saturday (Jan 7) that its founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of shareholding adjustments that will see him give up most of his voting rights. The move marks another big developm I'll hand it in if necessary.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ant Group says Jack Ma to relinquish control of companySHANGHAI – Ant Group founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday. The move marks another big development after a regulatory crackdown scuppered Ant's US$37 billion (S$49.4 billion) initial public...
Source: asiaonecom - 🏆 10. / 59 Read more »