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Before the change, Ma was the control person in Ant, exercising control over the company through related entities in addition to his 10% stake in Ant. Once the restructuring process is complete, no single shareholder will have control over Ant, the company said in a statement.
“The adjustment will not result in any change to the economic interests of any shareholders of Ant Group and their beneficiaries.”
https://cointelegraph.com/news/jack-ma-surrenders-control-of-fintech-giant-ant-group
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