$BABA-W (09988.HK)$$Alibaba (BABA.US)$ China to end Ant Grou...
China to end Ant Group's regulatory revamp with fine of at least RMB 8 b: sources.
The People's Bank of China (PBOC), which has been driving the revamp at Ant after its US$37 billion initial public offering (IPO) was scuttled in late 2020, is expected to disclose the fine in the coming days, the sources told Reuters.
The penalty will help pave the way for the fintech firm to secure a financial holding company licence, seek growth, and eventually, revive its plans for a stock market debut.
For the broader technology sector, an Ant fine would mark a key step towards the conclusion to China's bruising crackdown on private enterprises.
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bullrider_21 OP : You may see the stock shoot up when the IPOs list.
Fedy : safe to buy or sell now
bullrider_21 OP Fedy : Buy.
Fedy Fedy : when to sell as I'm a beginner
bullrider_21 OP Fedy : Not yet. May rise a few dollars.
72736523 Fedy : Is it sold
Fedy : any recommendations stock to buy or sell
pangyip Fedy : Code in at a low price, sell at a high price
73407951 Fedy : Is it sold