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 Suning.com. Shenzhen…

Source :
Disclaimer: Short summery, auto-generated by bot, is from article's description and not meant to replace reading the original article.
We do not promote or affiliated with external links in any way.
We have no control over the nature, content and availability of those sites.
All content on this site is meant to be used for information purposes only,
should not be taken as investment advice.
Trademarks and related content are owned by their respective companies.
Read the Terms of Services
Do NOT follow this link or you will be banned from the site!