Ant's consumer finance unit to more than double capital to $2.62 bln (updated)

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14/11/2022 12:13

(Adds details)
       HONG KONG, Nov 14 (Reuters) - The consumer finance unit
of China's Ant Group will increase its registered capital to
18.5 billion yuan ($2.62 billion) from 8 billion yuan
previously, and take on new investors, an exchange filing
released on Monday said.
    Ant, which will retain its 50% stake in the unit, Chongqing
Ant Consumer Finance Co Ltd, will invest 5.25 billion yuan as
part of the capital injection, according to the filing made by
the unit's minority shareholder Yuyue medical  002223.SZ .
        Hangzhou Jintou Digital Technology Group, a company
controlled by the local government, will invest 1.85 billion
yuan and become the second biggest shareholder with a 10% stake,
according to the filing. 
($1 = 7.0662 Chinese yuan renminbi)
 (Reporting by Julie Zhu; Editing by Toby Chopra and Susan
Fenton)
 ((julie.zhu1@thomsonreuters.com; +852 2843 6519; Reuters
Messaging: julie.zhu1.thomsonreuters.com@reuters.net))