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2. www.bloomberg.com › news › videosSuning.com Says Parent, Holder Plan Share Sale - Bloomberg.com

   www.bloomberg.com › news › videos

   • Cached

   Jun 17, 2021 · They include a share sale for the retail arm Suning.com and a factoring deal involving Suning Holdings and Suning Appliance Group. The stock remains in a trading halt after it sank.

   • Video Duration: 2 min

3. www.youtube.com › watchSuning.com Says Parent, Holder Plan Share Sale - YouTube

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   Jun 16, 2021 · Jun.16 -- The warnings signs are flashing faster for Suning Group with two separate updates aimed at providing clarity over fund raising. They include a shar...

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5. www.reuters.com › technology › chinas-suningcom-saysChina's Suning.com says shareholders plan to sell up to 25% ...

   www.reuters.com › technology › chinas-suningcom-says

   Feb 25, 2021 · BEIJING, Feb 25 (Reuters) - Chinese retailer Suning.com (002024.SZ) said on Thursday shareholders plan to sell 20% to 25% of the company to unnamed buyers which might lead to a change in control...

6. www.caixinglobal.com › 2021/03/22 › cover-story-whatCover Story: What Will Suning Have to Sell Next ... - Caixin ...

   www.caixinglobal.com › 2021/03/22 › cover-story-what

   Mar 22, 2021 · Now Suning faces the same question: What can it sell next? Brokerage Huatai Securities Co. Ltd. is helping Suning to go through its assets, seeking to raise funds from strategic investors, according to the investment banker in Nanjing. Suning.com owns a 3% stake in the brokerage.

7. www.caixinglobal.com › 2021/03/24 › in-depth-howIn Depth: How Suning Fell Into Crisis as JD.com Surged

   www.caixinglobal.com › 2021/03/24 › in-depth-how

   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

8. global.chinadaily.com.cn › a › 202107Fund to pick up 17% equity in Suning - Chinadaily.com.cn

   global.chinadaily.com.cn › a › 202107

   • Cached

   Oct 22, 2024 · Intraday, Suning hit the daily upper limit of 10 percent and closed there at 6.15 yuan (95 cents) despite its forecast of major losses for the first half of this year. Jiangsu Xinxin Retail Innovation Fund II will pick up the nearly 17 percent stake in Suning.

9. People also ask

   Did Suning sell PPTV?

   • In 2015, Suning sold a 68% stake in its PPTV unit for 2.6 billion yuan to a subsidiary of Suning Holdings. After the sale, PPTV, with a loss of 1.2 billion yuan in 2015, was no longer included in the listed company’s consolidated financial statement, increasing net profit of the listed company by 1.36 billion yuan.

   Cover Story: What Will Suning Have to Sell Next? - Caixin Global

   www.caixinglobal.com/2021-03-22/cover-story-what-will-suning-have-to-sell-next-101678279.html

   See all results for this question

   What happened to Suning?

   • Suning’s own retail business, with more than 16,000 stores across the country, is suffering from losses. In 2020, the company reported a net loss of 3.9 billion yuan on revenue of 258.4 billion yuan, down 4% from 2019. In the first three quarters of 2020, Suning closed more than 900 stores. What to sell next?

   Cover Story: What Will Suning Have to Sell Next? - Caixin Global

   www.caixinglobal.com/2021-03-22/cover-story-what-will-suning-have-to-sell-next-101678279.html

   See all results for this question

   Why does Suning sell assets at the end of the year?

   • With operations generating negative cash flow, Suning’s usual practice is to sell assets at the end of the year to make its annual results look better. In 2015, Suning sold a 68% stake in its PPTV unit for 2.6 billion yuan to a subsidiary of Suning Holdings.

   Cover Story: What Will Suning Have to Sell Next? - Caixin Global

   www.caixinglobal.com/2021-03-22/cover-story-what-will-suning-have-to-sell-next-101678279.html

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   How much did Suning invest in China?

   • In the five years between 2015 and 2019, Suning’s investments totaled 71.6 billion yuan, including 4 billion yuan of equity investment in state-backed telecom giant China Unicom and 4.8 billion yuan to acquire an 80% stake in Carrefour China.

   Cover Story: What Will Suning Have to Sell Next? - Caixin Global

   www.caixinglobal.com/2021-03-22/cover-story-what-will-suning-have-to-sell-next-101678279.html

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   What happened to Suning Xiaodian?

   • In 2019, Suning sold convenience store brand Suning Xiaodian to Zhang’s son for 745 million yuan. 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. Cover Story: What Will Suning Have to Sell Next?

   In Depth: How Suning Fell Into Crisis as JD.com Surged

   www.caixinglobal.com/2021-03-24/in-depth-how-suning-fell-into-crisis-as-jdcom-surged-101679296.html

   See all results for this question

   Is Huatai securities helping Suning go through its assets?

   • Brokerage Huatai Securities Co. Ltd. is helping Suning to go through its assets, seeking to raise funds from strategic investors, according to the investment banker in Nanjing. Suning.com owns a 3% stake in the brokerage. One of the few attractive segments is Suning’s financial arm, with about 2 billion yuan of profit last year.

   Cover Story: What Will Suning Have to Sell Next? - Caixin Global

   www.caixinglobal.com/2021-03-22/cover-story-what-will-suning-have-to-sell-next-101678279.html

   See all results for this question

10. www.businessoffashion.com › news › chinaChinese Conglomerate Suning Says Shareholders Will Sell Stake ...

    www.businessoffashion.com › news › china

    Feb 25, 2021 · Suning.com Co. said shareholders plan to sell a 20 percent to 25 percent stake in the retailer to unidentified buyers, in the latest sign that parent Suning Appliance Group Co. is working through liquidity issues.