China Cinda Asset Management’s booth during an exhibition in Beijing on 3 November 2011. Photo Handout
China Cinda Asset Management’s booth during an exhibition in Beijing on 3 November 2011. Photo Handout
Ant Group

Ant Group’s restructuring hits a snag as Cinda, Yuyue unexpectedly pull out of Chongqing Ant’s capital raising plan

  • Cinda said its board decided “not to participate” in the plan to pay 6 billion yuan for an additional 20 per cent stake in Chongqing Ant, first announced on December 24
  • Cinda’s withdrawal created a ripple effect, prompting Jiangsu Yuyue Medical Equipment & Supply to defer its 1.1 billion yuan plan to raise its stake, according to a statement

Topic |   Ant Group
China Cinda Asset Management’s booth during an exhibition in Beijing on 3 November 2011. Photo Handout
China Cinda Asset Management’s booth during an exhibition in Beijing on 3 November 2011. Photo Handout
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