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, in part by taking on new investors, an exchange filing released on Monday said.
Ant will invest 5.25 billion yuan as part of the capital injection to retain its 50% stake in the unit, Chongqing Ant Consumer Finance Co Ltd, according to the filing made by the unit‘s minority shareholder Yuyue Medical.
