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Ant Group Reportedly Plans to Spin Off Overseas Subsidiary for HK Listing
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Ant Group, a subsidiary of Chinese e-commerce giant Alibaba (BABA.US)(09988.HK), plans to list its overseas subsidiary, Ant International, on the Hong Kong Stock Exchange, as news broke. Ant Group is reportedly in discussions with regulatory authorities regarding the potential listing. Alibaba holds a 33% stake in Ant Group. AAStocks Financial News |
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