Search results
Two branches of the Jiangsu Province-based government agency that oversees major state-owned businesses agreed to set up a 20 billion yuan (US$3.1 billion) fund with Suning.com's parent company Suning Holdings Group.
Feb 25, 2021 · Chinese household appliance online seller Suning.com said on Sunday that it sold a 23% stake to state-owned investors in a deal worth RMB 14.82 billion ($2.28 billion). Why it matters: The sale comes as Suning.com and its parent company Suning Appliance Group scramble to pull together cash to repay debts.
Suning Holdings Group Co., Ltd. ( Chinese: 苏宁控股集团有限公司) is a Chinese privately held company. The company shared the same founder Zhang Jindong with the listed company Suning.com, but Suning Holdings was the unlisted portion of Zhang's unincorporated Suning Group.
- (68.08%)
- (80%)
- (90%)
- (80%)
Mar 22, 2021 · A state-led bailout injected 14.8 billion yuan ($2.3 billion) to Sunning.com Co. Ltd. (002024.SZ), making two Shenzhen government-owned investment entities the largest shareholders of the Shenzhen-listed company.
Mar 24, 2021 · Facing high near-term debt repayment pressures, Suning announced in late February a $2.3 billion share sale that will hand over nearly a quarter of the company to state-controlled entities. Read more
Nov 21, 2019 · The application must be company or business specific so the court can make an informed decision about each entity and to avoid giving general permission to use a name anything else that is ...
People also ask
Who is Suning Holdings Group?
Is Suning a state-owned company?
Did Suning sell a 23% stake to state-owned investors?
Does Suning Holdings own a stake in Suning?
May 7, 2021 · Two Jiangsu province-based arms of the government body that oversees major state-owned assets have agreed to set up a 20 billion yuan fund ($3.1 billion) with the parent of local retailing giant Suning.com Co. Ltd., throwing a lifeline to the money-losing company struggling under a mountain of debt.
