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Amid employee concerns, Ant says will find solution for unsellable shares

Ant suspended a share buyback program for current and departing staff in July to prepare for the IPO

Ant Group
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The fintech giant’s future is still shrouded in doubt due to an ongoing lack of regulatory clarity

Bloomberg
Ant Group Co. told employees it would eventually go public and promised to help those who need to monetize their shares sooner, seeking to boost morale four months after Chinese regulators torpedoed the fintech giant’s blockbuster listing.
A “short-term liquidity solution” for employees will take effect in April, Ant Chairman Eric Jing said in a recent posting on the company’s internal website, according to people familiar with the matter.
 
Ant suspended a share buyback program for current and departing staff in July to prepare for the IPO, people familiar with the decision said, but has thus far struggled to revive it
Topics : Ant Group