News Snapshot:
Ant Group said planning to raise US$17.5 billion via Hong Kong IPO without cornerstone investors 23 Sep 2020 / 23:21 H. An employee stands next to the logo of Ant Financial Services Group, Alibaba's financial affiliate, at its headquarters in Hangzhou, Zhejiang province. – REUTERSPIX HONG LONG: China's Ant Group plans to raise about half of its US$35 billion (RM145.25 billion) dual listing in Hong Kong and will not offer a cornerstone tranche as it bets on strong demand from institutional investors, sources said. Backed by Chinese e-commerce giant Alibaba, Ant plans to list simultaneously in Hong Kong and on...
