Ant Group's listed company as a major shareholderThe stock price rose on Monday (January 9), and the founder Ma Yun had given up the actual control of the Chinese fintech giant company.
According to Reuters, the stock price of Langxin Technology, Ji Dazheng, Jinqiao Information, Obi Zhongguang, and Hang Seng Electronics rose after the opening on Monday.Alibaba, an e -commerce giant listed in Hong Kong, has risen by more than 5%.
Ant Group last Saturday (January 7) stated in a statement that China's billionaire Ma Yun will no longer be the actual controller of the company.
The Wall Street Journal reported that although Ma Yun did not serve as an executive or director of Ant Group, his status in Ant Group was pivotal.He had previously controlled Ant Group through a entity led by him, but the agreement allowed him to occupy this dominant position will be terminated.According to the Ant Group's statement, Jack Ma and other nine other ant group executives and employee representatives will independently exercise their share voting rights.
Ant Group was forced to rectify in an industry rectification operation in the Chinese government before. This operation began at the Ant Group's original IPO of tens of billions of dollars in November 2020 was suspended.EssenceThe Ant Group was originally prepared to be listed simultaneously in Shanghai and Hong Kong. It plans to raise more than $ 34 billion and the valuation will exceed $ 300 billion.Ant Group has a widely popular digital payment platform Alipay.
Ant Group has been adjusting its various businesses from consumer credit to insurance, and will eventually become a financial holding company and be under the same supervision as traditional financial companies.
Jack Ma's abandonment of control means that the Ant Group has a closer step to complete the rectification, but it may also cause the Ant Group to restart the IPO for one year or even longer.According to China's securities regulations, the company's actual control of the corporate control cannot be listed for a period of time.
In response, people from Ant Group responded to the Beijing Commercial News on Sunday (8th) that the company is still focusing on rectification and business upgrades, and there is no plan to start listing.
