The unit, Chongqing Ant Consumer Finance, is under
regulatory pressure to fold Ant's two lucrative micro-loan businesses Jiebei
and Huabei into it, which would make it subject to rules and capital
requirements similar to those for banks.
China Cinda Asset Management, one of company's new investors
and one of the country's four biggest state asset managers, said it will invest
CNY 6 billion as part of the exercise.
After the deal, China Cinda will become the second biggest
shareholder with a 24 percent stake in the consumer financing unit, including a
20 percent stake it holds directly and a 4 percent stake held by Nanyang
Commercial Bank, a Cinda subsidiary.
Ant will retain a 50 percent stake in the unit, Cinda's
filing to Hong Kong Stock Exchange showed.
The filing also disclosed the introduction of three other
strategic investors into Ant's consumer financing unit, including Sunny Optics,
Boguan Technology, a unit of NetEase, and Yufu Capital, a local investment arm
of the Chongqing government.
Last month, Ant said it was seeking to differentiate part of
its short-term consumer loan business Jiebei, as it pursues a regulator-led
restructuring.
© Reuters
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