Temasek said to hold talks with Ant Group over valuation cut: report

Temasek said to hold talks with Ant Group over valuation cut: report

FILE PHOTO: Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo

Singapore’s state-owned investor Temasek Holdings is said to be preparing to engage in talks with Ant Group to discuss the reasons behind the fintech giant’s surprise substantial valuation cut in its planned share buyback, according to a Bloomberg report.

Edited by: Pramod Mathew

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter