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Billionaire Jack Ma to Relinquish Control of Ant Group

Por: MarketWatch Business January 07, 2023

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As founder, Ma held over 50% of Ant’s voting rights, despite not holding an executive role or a seat on the company’s board. After the restructure, however, Ma’s voting rights will drop to about 6%, according to calculations based on Ant’s statement. Ma and nine other executives and employees will have voting rights that will be exercised independently of each other, Ant said. “No shareholder will, alone or jointly with another... + full article



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