Ant Tells Staff It Will Find Solution for Unsellable Shares
- Chairman Jing responds to employee concerns over stock awards
- Fintech giant suspended a share buyback program in July
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Ant Group Co. told employees it would eventually go public and promised to help those who need to monetize their shares sooner, seeking to boost morale four months after Chinese regulators torpedoed the fintech giant’s blockbuster listing.
A “short-term liquidity solution” for employees will take effect in April, Ant Chairman Eric Jing said in a recent posting on the company’s internal website, according to people familiar with the matter.