(Adds stake sale details in paragraph 2, restructuring
background in paragraph 3)
May 5 (Reuters) - Ant Group Co Ltd is
considering selling its stake in its virtual banking unit in
Hong Kong, Bloomberg News reported on Friday, citing people
familiar with the matter.
Ant Bank (Hong Kong) Ltd is in talks with potential
investors to bolster operations and the plan is preliminary in
its preliminary stages, according to the report.
Ant Group's founder Jack Ma gave up control of the Chinese
fintech giant early this year, with the company nearing the
completion of its two-year regulatory-driven restructuring.
Ant Group did not immediately respond to a Reuters request
for comment.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Savio
D'Souza)
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