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1. www.ft.com › content › 2efb0fa3-0bcd-4400-a235-4cSuning plans $2.5bn stake sale in bid to strengthen finances

   www.ft.com › content › 2efb0fa3-0bcd-4400-a235-4c

   Feb 25, 2021 · Suning, China’s biggest bricks and mortar retail group and the owner of Italian football club Inter Milan, plans to sell an up to $2.5bn stake in one of its subsidiaries in a bid to fortify...

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

   global.chinadaily.com.cn › a › 202107

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   6 days ago · 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.

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

   www.chinadaily.com.cn › a › 202107

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   Jul 7, 2021 · Jiangsu Xinxin Retail Innovation Fund II will pick up the nearly 17 percent stake in Suning. The effective date of the stake sale, and the amount involved, are yet to be determined.

4. technode.com › 2021/02/25 › suning-shareholders-toUPDATED: Suning.com sells 23% stake to state-backed investors

   technode.com › 2021/02/25 › suning-shareholders-to

   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.

5. investinchina.chinadaily.com.cn › s › 202107Fund to pick up 17% equity in Suning | investinchina ...

   investinchina.chinadaily.com.cn › s › 202107

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   Jul 8, 2021 · 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.

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

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

   Mar 22, 2021 · What to sell next? 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.

7. People also ask

   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 is Suning worth?

   • 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.

   UPDATED: Suning.com sells 23% stake to state-backed investors

   technode.com/2021/02/25/suning-shareholders-to-sell-stake-as-cash-crunch-looms/

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   Did Suning sell a 23% stake to state-owned investors?

   • Details: Suning.com sold a 23% stake to state-owned investors, according to a statement shared to TechNode on Sunday. 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.

   UPDATED: Suning.com sells 23% stake to state-backed investors

   technode.com/2021/02/25/suning-shareholders-to-sell-stake-as-cash-crunch-looms/

   See all results for this question

   How much would a 25% stake in Suning be worth?

   • 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. Shenzhen International Holdings Ltd., a logistics infrastructure developer, acquired 8% and Shenzhen municipality-backed Kunpeng Capital bought a 15% stake.

   UPDATED: Suning.com sells 23% stake to state-backed investors

   technode.com/2021/02/25/suning-shareholders-to-sell-stake-as-cash-crunch-looms/

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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 is Suning Financial Services worth?

   • Suning Financial Services Shanghai Co. Ltd. operates as a consumer finance platform. In its last round of financing, the unit said it was valued at 56 billion yuan. Another valuable asset is Suning’s logistics unit.

   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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8. www.ft.com › content › 38ca264b-f137-48ae-b670-c4d06Suning: billion-dollar bailout not enough to save Chinese ...

   www.ft.com › content › 38ca264b-f137-48ae-b670-c4d06

   Jul 6, 2021 · But Suning needs cash now. The $1.4bn investment is not enough to cover short-term obligations. About $7bn is due within a year. Suning’s weakness is its dependency on physical retail store...