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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...
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.
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Chinese retail giant Suning.com announced Monday that its controlling shareholder Zhang Jindong, along with his Suning Group and Suning Appliance Group, will sell 1.58 billion shares, or 16.96 percent of the conglomerate, to a consortium at 5.59 yuan ($0.87) apiece.
Jul 22, 2021 · Jul 22, 2021. Mismanagement, reckless expansion, and failed investments left retail giant Suning with no choice but to surrender its controlling shares. Source: Suning.cn. On 5 July 2021,...
Feb 26, 2021 · Major shareholders of Chinese retailer Suning.com (002024.SZ) plan to sell 20% to 25% of the company to unidentified buyers in transactions that may lead to a change in control as the enterprise faces mounting concerns over liquidity, Suning.com said Thursday.
Feb 25, 2021 · Shenzhen-listed Suning.com had announced in a filing on Thursday that shareholders of the company are planning to sell a 20% to 25% stake in the retailer. A 25% stake in the company could be worth around RMB 16 billion ($2.5 billion) based on Suning.com’s latest share price, according to Bloomberg.
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Oct 22, 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.
