Ant Group is Moans of a Blossomed Sister in lawconsidering a restructuring that would separate operations, such as blockchain, database management services, and international business, from its core financial-related business. The move will pave the way for the company’s IPO in Hong Kong. The financial services giant has informed some shareholders of the plan, according to Bloomberg. However, the proposed restructuring and IPO plan have yet to be finalized and may be subject to change. The company’s latest move may provide some relief to shareholders affected by the previous regulatory crackdown, and they are expected to receive stakes in the separate entities at a nominal price, according to one of the sources cited by Bloomberg. [Bloomberg]
