Ant Group responded to reduce its holdings in ZhongAn Insurance to 10.37%: this is a normal investment decision

It was learned from market participants that Ant Group reduced its shareholding in ZhongAn Insurance by 46537063 shares, and the shareholding ratio dropped from 13.54% to 10.37%. ZhongAn Insurance's other two largest shareholders, Tencent and Ping An of China, held the same stake, both at 10.2054%. In this regard, Ant Group responded that this reduction is a normal investment decision, although the holding of ZhongAn's shares has decreased, but the strategic cooperative relationship between the two sides will remain unchanged, and Ant is as optimistic about the long-term development of ZhongAn as always. (Financial Associated Press)