The Chinese Consumer Finance Unit of Chinese collected about 10. 5 billion yuan ($ 1. 49 billion) in a reduced capital of investors after China Cindht has declined unexpectedly from its investment plan this year.
One of the subsidiaries of the Sunny Technology Group will receive 1. 1 billion yuan from the capital of a company compared to 6% in the Consumer Finance Company «Chongqing» affiliated to Ant Group, according to the deposit of the stock exchange on Monday.
According to the Bloomberg Agency, Jiangsu Yuiwi plans for medical equipment and equipment to add 524 million yuan, with a 4. 99% stake in the consumer financing unit.
While “Ant Group” will contribute to 5. 25 billion yuan to retain its 50%possession, while a group of other supporters also invests, as the data appears. The deposits added that the investment proposal is still awaiting organizational approval.
Sina Company, asset management, withdrew one of the small debt managers in China, its plan to invest 6 billion yuan for a 20% stake in the consumer financing giant last January without revealing a reason. At that time, consumer financing company Chongqing was planning to raise about 22 billion yuan to increase its capital to 30 billion yuan.
The financing unit combines the most profitable online lending for the company.
The Chinese billionaire “Ant Group” group is working to restructure its operations, including increasing capital, reducing consumer lending and adjusting its management. In July, the Limited Ali Baba Holding Group confirmed that Jack does not intend to reduce his direct and indirect share in the Ant Group over time to a percentage not exceeding 8. 8%.
A campaign in China began to curb its technological work by canceling the initial public offering of Ant, which was worth $ 35 billion in late 2020..
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