TechFlow reports that Ant Group is planning a restructuring to spin off certain businesses that are not part of its core financial operations in China, paving the way for the company to relaunch its initial public offering (IPO) in Hong Kong.
According to sources familiar with the matter, Ant Group will apply for a financial holding company license in China and is considering separating its blockchain, database management services, and international operations from the main entity responsible for applying for the license. The company has already communicated this plan to some shareholders.
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