{"id":30976,"date":"2025-06-09T16:17:31","date_gmt":"2025-06-09T16:17:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30976"},"modified":"2025-06-09T16:17:31","modified_gmt":"2025-06-09T16:17:31","slug":"who-will-be-calling-the-shots-at-newly-minted-cango","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30976","title":{"rendered":"Who Will Be Calling The Shots At Newly-Minted Cango?"},"content":{"rendered":"<div>\n<p><figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/06\/09115422\/Cango-shareholders-0609-900x600-1.png\" alt=\"\" class=\"wp-image-14105\" srcset=\"https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/06\/09115422\/Cango-shareholders-0609-900x600-1.png 900w,https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/06\/09115422\/Cango-shareholders-0609-900x600-1-300x200.png 300w,https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/06\/09115422\/Cango-shareholders-0609-900x600-1-768x512.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\"><\/figure>\n<\/p>\n<p><em>The company will be controlled by two asset managers tied to Singapore&#8217;s Antalpha Ventures, while Cango&#8217;s co-founders&#8217; voting rights will drop to 18.54%<\/em><\/p>\n<h4 class=\"wp-block-heading\"><strong>Key Takeaways:<\/strong><\/h4>\n<ul class=\"wp-block-list\">\n<li>Enduring Wealth, a company tied to Singapore&#8217;s Antalpha Ventures, will hold a controlling 36.74% of Cango&#8217;s voting rights after the company&#8217;s transformation to a bitcoin miner<\/li>\n<li>Cango co-founders Zhang Xiaojun and Lin Jiayuan will see their voting rights in Cango drop to a combined 12.07% post-transformation, from a previous 92.5%<\/li>\n<\/ul>\n<p>After more than a half year of nonstop metamorphosis, a picture is finally starting to emerge of who will be calling the shots at a newly minted\u00a0<strong>Cango Inc.<\/strong>\u00a0(CANG.US), a former Chinese car trader that has morphed into a global bitcoin miner at remarkable speed.<\/p>\n<p>The company&#8217;s new shareholding structure was contained in a\u00a0<a href=\"https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-third-amendment-to-share-settled-crypto-mining-assets-acquisitions-302473085.html\"><strong>new announcement<\/strong><\/a>\u00a0last week detailing the latest developments in its transformation. The new Cango will be controlled by a larger and more diverse group of shareholders than the earlier one, as the company adds a new cast of backers with strong backgrounds in the finance, asset management and cryptocurrency sectors.\u00a0<\/p>\n<p>In its previous form as auto financier and later a car trader, Cango co-founders Zhang Xiaojun and Lin Jiayuan were clearly in control of the company, the former as chairman and the latter as CEO. The pair collectively held 45% of Cango&#8217;s shares and 92.5% of its voting power, according to the company&#8217;s latest annual report.<\/p>\n<p>The company&#8217;s new cast, following a series of major reshuffles, is led by\u00a0<strong>Enduring Wealth Capital Ltd.<\/strong>, a Singaporean company whose two key decision makers are Andrea Dal Mas and Yu Peng, and which is tied to Singaporean firm\u00a0Antalpha Ventures. Another major new stakeholder is\u00a0<strong>Golden TechGen Ltd.<\/strong>, which is controlled by three people, Wang Ning, Youngil Kim\u00a0and Wye\u00a0Sheng Kong. The original co-founders Zhang and Lin will continue to be major stakeholders as well, though they have yielded their control of the company.<\/p>\n<p>The company&#8217;s final shareholder structure &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/06\/45841598\/who-will-be-calling-the-shots-at-newly-minted-cango\" alt=\"Who\" will be calling the shots at newly-minted cango>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The company will be controlled by two asset managers tied to Singapore&#8217;s Antalpha Ventures, while Cango&#8217;s co-founders&#8217; voting rights will drop to 18.54% Key Takeaways: Enduring Wealth, a company tied to Singapore&#8217;s Antalpha Ventures, will hold a controlling 36.74% of Cango&#8217;s voting rights after the company&#8217;s transformation to a bitcoin miner Cango co-founders Zhang Xiaojun [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30976","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30976"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30976\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}