Suning sells 23% stake for 14.8 billion yuan

The uproar of Suning Tesco’s control rights finally settled. On the evening of February 28, Suning issued an announcement on the resumption of trading, announcing the introduction of 14.8 billion in funds, and the investors were of Shenzhen state-owned assets. After the completion of this transaction, Shenzhen International Holdings (Shenzhen) Co., Ltd. (hereinafter referred to as “Shenzhen International”) will hold 8% of Shenzhen…

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