Ant Group Reduces Stake in ZhongAn Insurance to 10.37%
Data from the Hong Kong Stock Exchange (HKEx) showed on Tuesday that Ant Group has reduced its stake in ZhongAn Insurance by 46,537,063 shares, dropping its shareholding ratio from 13.54% to 10.37%. Tencent and Ping An Insurance, the other two major shareholders of ZhongAn, have unchanged ratios of 10.2054%.
Ant Group responded…
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