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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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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.
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,...
Get the latest Suning.Com Co Ltd (002024) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Mar 1, 2021 · Electronics retailer Suning.com announced a $2.3 billion share sale that will hand over nearly a quarter of the company to state-controlled entities, amounting to a state-led bailout for a former retail pioneer that has fallen on hard times.
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.
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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.
