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In 50 Words: Temasek mulls participation in Ant Group’s buyback amid reduced valuation
Singapore’s Temasek Holdings is set to discuss Ant Group’s reduced valuation with the company before deciding whether to participate in its planned share buyback. Temasek invested in Ant Group in 2018, when the parent firm of Alibaba was valued at US$150 billion, while the expected buyback valuation stands at US$78.8 billion.
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