Business
Would-be Ant investors demand refund – The Australian Financial Review
Some of the more than 10 million retail investors who subscribed to five funds planning to invest in the share sale have demanded their money back.
The five fund operators said on Wednesday that they dropped plans to invest in Ants shares after suspension of the fi-tech giants $US34.5 billion ($51 billion) IPO.
According to Ants strategic allocation results, the five funds were set to acquire a total of 11.97 million yuan of Ants shares. The funds said they would invest their remaining assets as planned.
At present, the funds have been established, and the operation of the funds will not be affected, the fund companies said in a statement….
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