Jack Ma, Eric Jing Technically Declare No More Shareholdings in 6 HK Listed Companies
Six Hong Kong-listed companies filed for changes in their equity interests, after Ant Group's Alipay (China) Network Technology Co., Ltd. $Ant Group Ecosystem (LIST1287.HK)$ became a company with no de facto control.
The shareholdings of $BABA-W (09988.HK)$ founder Jack Ma and his partner Eric Jing were wiped off to zero, in those six companies, namely $AGTECH HOLDINGS (08279.HK)$ , $UBOX ONLINE (02429.HK)$ , $VOBILE GROUP (03738.HK)$ , $ASIARAY (01993.HK)$ and $ZA ONLINE (06060.HK)$.
According to the relevant announcement, the agreement on shareholders acting in concert of Hangzhou Yunbo Investment was terminated on 28 December 2023. Yunbo also ceased to be the general partner of Hangzhou Junhan.
Accordingly, Jack Ma no longer holds any equity in Yunbo, and technically terminates the declaration of shareholdings in the six companies.
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