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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.
Mar 1, 2021 · The jump came after the appliance retailer’s Sunday announcement that state-owned Shenzhen International Holdings and Shenzhen Kunpeng Equity Investment Management planned to purchase 8 percent and 15 percent of Suning.com.’s shares, respectively, paying a total of 14.8 billion yuan (US$2.3 billion). Suning.com’s local bonds also jumped on Monday.
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.
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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.
Jun 11, 2021 · A High Court decision provides a helpful review of the position as to when a state-owned entity can rely on sovereign immunity.
Mar 22, 2021 · Suning said Feb. 28 that four of its five largest shareholders, including the founder, would sell a combined 23% of the company’s shares for 14.8 billion yuan to Shenzhen International Holding Ltd. and Shenzhen Kunpeng Equity Investment Management Co. Ltd., both under the State-owned Assets Supervision and Administration Commission of the ...
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Feb 25, 2021 · REDD reported earlier that Suning Appliance was in talks to sell all or part of its stake to a conglomerate of state-owned companies, and Suning.com shares were halted Thursday pending news.
