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- Suning.com agreed to sell a 16.96 percent stake in its listed firm to a fund, namely Jiangsu Xinxin Retail Innovation Fund II, a consortium with some State-owned investors, Alibaba Group and other corporate investors including Huatai Securities, Xiaomi, Haier, Midea and TCL.
global.chinadaily.com.cn/a/202107/14/WS60ee436ea310efa1bd661b95.htmlSuning founder steps down after stake sale - Chinadaily.com.cn
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Jul 4, 2021 · July 04, 2021. Jiangsu Xinxin Retail Innovation Fund Phase II (Limited Partnership) signed a share transfer agreement to acquire a 16.96% stake in Suning.com Co., Ltd. (SZSE:002024) from Zhang Jindong, Suning Electrical Appliance Group Corporation, Tibet Trust Corporation Limited and Suning Holdings Group Co., Ltd. for CNY 8.8 billion on July 5 ...
6 days ago · Suning.com agreed to sell a 16.96 percent stake in its listed firm to a fund, namely Jiangsu Xinxin Retail Innovation Fund II, a consortium with some State-owned investors, Alibaba Group and other corporate investors including Huatai Securities, Xiaomi, Haier, Midea and TCL.
Jun 13, 2024 · Zhang Jindong, his trust and two of his Suning holding companies, will transfer the almost 17 percent stake to Jiangsu Xinxin Retail Innovation Fund II. After the transfer, Zhang and the Suning holding company will remain the e-commerce firm's largest shareholder with a nearly 20.4 percent stake.
Jul 7, 2021 · Jiangsu Xinxin Retail Innovation Fund II, which will become the third-largest shareholder in Suning, has the participation of Jiangsu province and the Nanjing municipal State assets supervision and administration commission. After the deal, no shareholder will have a controlling stake.
Jul 7, 2021 · Jiangsu Xinxin Retail Innovation Fund II, which will become the third-largest shareholder in Suning, has the participation of Jiangsu province and the Nanjing municipal State assets supervision and administration commission. After the deal, no shareholder will have a controlling stake.
Jul 4, 2021 · Jiangsu Xinxin Retail Innovation Fund Phase II signed a share transfer agreement to acquire a 16.96% stake in Suning.com Co., Ltd. from Zhang Jindong, Suning Electrical Appliance Group Corporation,...
Jul 13, 2021 · On July 5, the Chinese e-commerce giant said its shareholders will sell a nearly 17 percent stake in the firm for CNY8.8 billion (USD1.4 billion) to Jiangsu Xinxin Retail Innovation Fund II amid deepening losses.
