Ant Group says no plan for IPO, focusing on business optimisation

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China's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.'Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,' the company spokesperson said.Ant Group s

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.
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

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...
Fonte: asiaonecom - 🏆 10. / 59 Consulte Mais informação »