The money paid after the ant groups new stocks have returned

"After Ma Yun and other executives were interviewed, the Shanghai Stock Exchange issued an announcement on the evening of November 3 to suspend the listing of ant group on the science and innovation board, and then ant group announced on the Hong Kong stock exchange to suspend the listing of H shares. Ant group said that it apologized for the trouble caused to investors by the suspension of listing and would properly handle the follow-up work in accordance with the relevant rules of the two exchanges. On November 5, ant group announced that the issuer and the joint lead underwriters would start the refund procedure on November 6, 2020, and the aforementioned funds would be returned on November 9, 2020. Ant group also said that the shares subscribed by investors will be cancelled on November 6, 2020. It is reported that November 9 is the promised date for investors to return new funds. Early that morning, some investors said that the securities account showed that the money and interest paid after winning the new shares of ant group had been returned. Some winners said, "they have received 34400 yuan of subscription funds for 500 new shares of ant group and 2.01 yuan of interest as scheduled." It is reported that the above liquidation date is 19:59 on November 6, but the actual capital arrival time is the morning of November 9. Calculated from the payment date on November 2, the annualized interest rate is about 0.35% (the interest bearing flagship is from November 3 to November 8), which is equivalent to the benchmark interest rate of demand deposits. Insiders said that ant group's timely refund can minimize the loss of capital occupation for investors. According to previous reports, people and investors directly involved in the transaction recently said that the IPO (initial public offering) of ant group may be delayed for at least six months. Responsible editor: PJ, read the full text“

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