Jack Ma - Chinese billionaire Jack Ma to relinquish control of Ant Group
Ant's $37 billion IPO, which would have been the world's largest, was cancelled at the last minute in November 2020
Source: telegraphindia.com
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Ant Group Overhauls Shareholding Structure, Diluting Founder Jack Ma's Voting Power in Preparation for IPO
Ant Group, the Chinese fintech giant, has announced a major restructuring of its shareholding structure in a move designed to make the company more transparent and diversified.
Source: techtimes.com
Jack Ma to give up control of Chinese fintech giant Ant Group -
According to a statement released by the Chinese fintech juggernaut Ant Group, Chinese businessman Jack Ma will no longer be in charge of the organisation.
Source: newsx.com
Ant Group founder Jack Ma to cede control in key overhaul
The move comes as Ant is nearing the completion of its two-year regulator-driven restructuring.
Source: dealstreetasia.com
Chinese billionaire Jack Ma to give up control of Ant Group in key revamp
Jack Ma previously possessed more than 50% of voting rights at Ant but the changes will mean that his share falls to 6.2%
Source: deccanchronicle.com