The process is formal: the new companies will not have the controlling stock, but the weight of Zhang Jindong is decreasing
Yesterday, the Chinese government support process became official Suning (Currently called Suning.com): A group of investors, both government officials and private, They bought 16.96% of the company for a total of 1.14 billion euros. No new shareholder will have a controlling interest, but the weight of the chairman will be reduced Zhang Jindong (owner of Inter) Inside Suning.
Therefore, the shares of state-owned companies were not sold, despite the rumors of the past few weeks, but the process nevertheless found favor with the financial world: Yesterday, Suning shares rose 10% on the Shenzhen Stock Exchange. In the fund are giants of the Chinese economy such as Alibaba, Haier, TLC and Xiaomi.
“The diversified investor portfolio will help Suning.com improve corporate governance, operations and business transformation as a retail service provider. The fund will actively support Suning.com To grow in a stable and healthy way” as stated in the note attached to the official letter.
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