{"id":32231,"date":"2022-01-13T15:35:24","date_gmt":"2022-01-13T15:35:24","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=32231"},"modified":"2022-01-13T15:35:24","modified_gmt":"2022-01-13T15:35:24","slug":"cinda-drops-out-of-us930-million-plan-to-raise-stake-in-chongqing-ant-adding-a-surprise-in-the-restructuring-of-worlds-largest-fintech-group","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=32231","title":{"rendered":"Cinda drops out of US$930 million plan to raise stake in Chongqing Ant, adding a surprise in the restructuring of world\u2019s largest fintech group"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostCinda Asset Management has unexpectedly withdrawn from the recapitalisation of Chongqing Ant Consumer Finance barely three weeks after announcing it, adding a surprising twist to the restructuring of China\u2019s largest fintech company.Cinda said its board decided \u201cnot to participate\u201d in the plan to pay 6 billion yuan (US$930 million) for an additional 20 per cent stake in Chongqing Ant, according to a filing to the Hong Kong stock exchange signed by the bad-loans manager\u2019s chairman Zhang Zi\u2019ai\u2026<a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3163310\/cinda-drops-out-us930-million-plan-raise-stake-chongqing?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostCinda Asset Management has unexpectedly withdrawn from the recapitalisation of Chongqing Ant Consumer Finance barely three weeks after announcing it, adding a surprising twist&hellip; <\/p>\n","protected":false},"author":0,"featured_media":32232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/32231"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32231"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/32231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/32232"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32231"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}