Odaily Planet Daily News Recently, some media quoted people familiar with the matter as saying that Ant Group is planning to restructure and will divest some non-core businesses to pave the way for the restart of the Hong Kong IPO.
The above-mentioned people familiar with the matter said that Ant Group is considering excluding blockchain, database management services and international business from its main entity, and this entity will apply for a financial holding license in the Mainland. Once Ant Group completes its restructuring and obtains a financial holding license, it can be listed in Hong Kong, and will not seek listings in Hong Kong and Shanghai as before.
Some shareholders have been informed of the plan, but the restructuring plan has not yet been finalized and may change, according to reports.
People close to the supervision said that Ant Group’s restart of the IPO must be legal and compliant on the one hand, and on the other hand, the company will also make judgments based on its own internal conditions and external market conditions. Judging from what has been learned recently, it is unlikely that Ant will re-list in the short term.
China News Agency, Guoshi Express, has verified the restructuring plan reported by the above-mentioned media with Ant Group, but as of press time, it has not received a response from Ant Group.
However, some market participants believe that the punished Ant is determined to "reload" and go on the road. Judging from the current announced situation, this punishment will help Ant improve corporate governance, strengthen risk management, and improve the overall level of business compliance. The progress of setting up financial holding companies and applying for business licenses such as credit investigation may be accelerated. (China News Agency is a through train)