Zhejiang MYbank Under Ant Group Introduces 3 New Shareholders for First Time, Each Holding Less Than 5%
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Zhejiang MYbank, established by Ant Group, has introduced three new shareholders for the first time since its inception in 2015. The new shareholders, Hangcha Holding (4.88%), Hangmin Group (2%), and Dongheng Petroleum (0.5%), acquired stakes through equity transfers from existing shareholders. This change aims to diversify the bank's shareholder structure and enhance corporate governance. Ant Group and Jinrun Asset remain the largest and third-largest shareholders, holding 30% and 19.48%, respectively. The introduction of new shareholders is expected to bring valuable resources and synergies in finance services and risk management.
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