Ant Group adjusts the right to vote for major shareholders, strengthening Ali AliThe isolation of Baba Group, China's billionaire and the founder of Alibaba, will no longer hold the substantial control of Ant Group.
According to the surging news report, Ant Group issued an announcement on the official website on Saturday (January 7) on the official website that the Ant Group received Hangzhou Junhan's equity investment partnership (limited partnership) (here below)Referred to as "Hangzhou Junhan") and Hangzhou Junao Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Hangzhou Junao") issued a notification letter on the adjustment of the upper structure of the shareholders to adjust the voting rights of the main shareholders of the Ant Group.
After adjustment, Ma Yun, the original controller of the Ant Group, and his consistent actors Jing Xiandong, Hu Xiaoming, and Jiang Fang promised to terminate the consistent action relationship at Hangzhou Yunbao Investment Consulting Co., Ltd.Hangzhou Yunbin's equity is transferred to Ant Group Management, employee representatives, and 10 natural persons including Jack Ma. These natural persons will also exercise their share voting rights independently.
At the same time, Hangzhou Yunblatie will retire from Hangzhou Junhan, Hangzhou Xingtao Enterprise Management Consulting Co., Ltd. will join Hangzhou Junhan, and will serve as ordinary partners and executive partners of Hangzhou Junhan.Hangzhou Xingtao holds 20%of the equity by Ma Yun, Han Yanyi, Zhang Yan, Huang Chenli, and Zhou Yun respectively.After the completion of the adjustment, all shareholders of Hangzhou Yunblatin and Hangzhou Xingtao promised to exercise the rights of various shareholders independently, no longer reached any form of consistent action arrangements, and did not separate or seek control over the Ant Group alone with any other party.
Before adjusting, Ma Yun controlled the Ant Group through the equity of Hangzhou Yunbin, and Hangzhou Yunblati controlled the two companies, Hangzhou Junhan and Hangzhou Junao. They held more than half of the Ant Group.Stocks.At the same time, according to the current articles of association and unanimous action agreement of Hangzhou Yunblata, Hangzhou Junhan and Hangzhou Junao indirectly controlled 53.46%of the shares of Ant Group's voting rights controlled by Hangzhou Yunblata.Therefore, before this adjustment, Ma Yun was the actual controller of the Ant Group.
This adjustment means that Ma Yun has given up the veto of Hangzhou Yunblatable decision -making and transferring part of its shares to other executives to dilute his voting right in Hangzhou Yunblata, thereby making the ants of antsGroup control.After the adjustment, Jack Ma's economic interests in Ant Group have not changed. The right to vote for Ant will match his economic benefits of Hangzhou Junhan's natural person and enjoy the economic benefits of the Ant Group.All shareholders have not been controlled at the level of the Ant Group's shareholders 'meeting alone, and there are no longer any direct or indirect shareholders' single or joint control of Ant Group.
In the announcement, the Ant Group stated that after the adjustment, Ant Group's share voting rights are more transparent and scattered. This is a further optimization of the company's governance structure.effect.This adjustment will not affect the daily operations of Ant Group and subordinate companies.
According to the Wall Street Journal of the United States last year, the move also means that Ant Group will further get rid of the control of Alibaba Group.With the intensification of China's regulatory pressure, the cooperative relationship between Alibaba and Ant Group has changed from 2021. At first, the two sides gradually lifted the business exchanges between each other at the organization level, but soon developed to the level of major strategic measures.Including restricting the other party's use of their own services, competing for each other's customers, etc.
