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Ant - 4 Jack Ma - 4 Brenda Goh - 3 Hanyang Wang - 2 Josh Ye - 2 Zhang Yan - 2 Shri Navaratnam - 2 Ant . - 1
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Hangzhou Hong Kong China BEIJING Canada HONG KONG Hangzhou Junhan Beijing
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Ant - 4 Hangzhou Junhan Equity Investment Partnership - 4 Hangzhou Junao Equity Investment Partnership - 4 Thomson - 3 Saturday - 3 Tencent Holdings - 3 People's Bank of China - 3 HK - 2

Search resuls for: "Hangzhou Junhan"


4 mentions found


☆ Explainer: What's next for Ant after its nearly $1 bln fine?
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +3 min
After the fine, the next step would be to obtain the financial holding license, which is crucial for reviving any listing plans by Ant. A second license Ant is waiting to procure is one for a personal credit reporting company. IPO PROSPECTSThe resolution of Ant's regulatory woes has revived talk of whether the company's listing could be back on the cards. Alibaba, which has a 33% stake in Ant, said on Sunday it was considering whether to participate in the buyback. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase.
Persons: Ant, Ant ., Jack Ma, Warburg Pincus, Ant's, Roxanne Liu, Brenda Goh, Christina Fincher Organizations: Ant, Financial Regulatory Administration, State Council, Reuters, Ant Group, Shanghai's STAR, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, China Life Insurance, China Pacific Life Insurance, Plan Investment, Yunfeng, Thomson Locations: BEIJING, Hong Kong, Hangzhou, Canada
☆ Ant's surprise share buyback values firm at steep 75% discount to IPO
  + stars: | 2023-07-08 | by ( Julie Zhu Josh Ye | Julie Zhu | Josh Ye | ) www.reuters.com   time to read: +4 min
That represents a steep 75% discount to the $315 billion valuation in 2020 for what was set to be the world's largest IPO had it not been derailed at the last minute by Chinese regulators. "China needs to resolve the Ant IPO to restore investor confidence," said Wang Qi, chief executive of China-focused asset manager MegaTrust Investment. For the broader technology sector, Ant's fine marks a key step towards the conclusion of China's bruising crackdown on private enterprises, which began with the scrapping of Ant's IPO in late 2020 and subsequently wiped billions off the market value of several companies. "At the same time, initiating a stock buyback also indirectly informs investors that the possibility of a short-term IPO recovery is unlikely." On Friday, Chinese authorities also announced fines against two Chinese banks, an insurer, and Tencent Holdings' (0700.HK) online payment platform Tenpay.
Persons: Ant, Zhang Zihua, Wang Qi, Jack Ma, Hanyang Wang, Julie Zhu, Josh Ye, Brenda Goh, Zhang Yan, Scott Murdoch, Shri Navaratnam, Kim Coghill Organizations: Saturday, Ant, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, Beijing Yunyi, MegaTrust Investment, Fidelity, Reuters, Tencent Holdings, HK, People's Bank of China, Thomson Locations: HONG KONG, Hangzhou, Hangzhou Junhan, Beijing, China
☆ Ant's share repurchase plan values firm around $79 bln, down sharply before crackdown
  + stars: | 2023-07-08 | by ( ) www.reuters.com   time to read: +3 min
It marked a sharp fall in the $300 billion-plus value ascribed to the company in mid-2020, before its IPO planned for later that year was pulled. Ant said it had proposed to all of its shareholders to repurchase up to 7.6% of its equity interest at a price that represents a group valuation of approximately 567.1 billion yuan. The repurchase proposal will also provide a liquidity option for the company’s investors," it said. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added. "At the same time, initiating a stock buyback also indirectly informs investors that the possibility of a short-term IPO recovery is unlikely."
Persons: Ant, Hanyang Wang, Jack Ma, Brenda Goh, Zhang Yan, Josh Ye, Shri Navaratnam Organizations: Saturday, Ant, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, Tencent Holdings, HK, People's Bank of China, Thomson Locations: SHANGHAI, Hangzhou, Shanghai, Hong Kong
☆ Ant Group's share repurchase plan values firm at nearly $79 billion, down sharply before crackdown
  + stars: | 2023-07-08 | by ( ) www.cnbc.com   time to read: +2 min
HANGZHOU, CHINA - OCTOBER 27: A logo of Ant Group is seen at the company's headquarters on October 27, 2020 in Hangzhou, Zhejiang Province of China. Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some investors exit after regulators fined the firm. "The repurchased shares will be transferred into Ant Group's employee incentive plans to attract talents. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added. On Friday, Chinese authorities also announced fines against two Chinese banks, an insurer, and Tencent Holdings' online payment platform Tenpay.
Persons: Ant, Jack Ma Organizations: Ant, Saturday, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, Tencent Holdings, People's Bank of China Locations: HANGZHOU, CHINA, Hangzhou, Zhejiang Province, China
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