On June 9, a piece of news about Suning attracted market attention. Suning Appliance Group added a new piece of information about the person subject to execution, and the execution target exceeded 3.082 billion yuan. In response to the above-mentioned cases, Suning Holdings responded to a reporter from Brokerage China that it is currently only in the execution filing stage and has formally raised objections to execution to the Beijing No. 2 Intermediate People's Court.
But at this time, the public's focus on this matter is not Suning's own attitude towards this matter. The public's attention is more focused on Suning.com, which just introduced Jiangsu State-owned Assets as a shareholder a few days before the explosion and enforcement.
It is reported that in February this year, Shenzhen State-owned Assets invested in Suning.com, of which Kunpeng Capital held 15% and Shenzhen International held 8%. On the evening of June 2, Suning.com (002024) announced that on that day, the company's shareholder Suning Appliance Group and the New Retail Fund signed a "Share Transfer Agreement". Suning Appliance Group planned to hold 520 million shares of the company (accounting for 5.59% of the total equity) was transferred to the New Retail Fund.
According to the announcement of Suning.com, a listed company of Suning Appliances, the actual controller Zhang Jindong pledged 1 billion shares on June 7, 2021. The number of pledged shares accounted for 51.23% of the company’s shares held, accounting for 51.23% of the company’s shares. 10.74% of the total share capital, and the pledgee is Jiangsu Xinxin Retail Innovation Fund (Limited Partnership). Based on the closing price of 6.59 yuan on the pledge day, the market value of the pledged stocks is approximately 6.59 billion yuan.
As of June 7, statistics show that Zhang Jindong has pledged a total of 1.412 billion shares of Suning.com, accounting for 72.32% of the total shares he holds in listed companies and 15.16% of the total share capital of listed companies.
Suning.com’s share price fell by 70%
Since its establishment in 1990, Suning has gone through more than 30 years. It has grown from a small roadside shop in Nanjing to a Fortune 500 company. It was once one of the largest home appliance retailers in China. It defeated its old enemy Gome and became a household name. ?
Today, the Suning Holdings Group controlled by Zhang Jindong is mainly divided into four major business segments: Suning Holdings, Suning.com, Suning Real Estate, and Suning Appliances. ?
Among them, the main retail business is the listed company Suning.com; the real estate business belongs to Suning Real Estate; Suning Financial Holdings, culture and sports and other businesses are all under the name of Suning Holdings; Suning Appliance is one of the main debt issuance platforms of Suning Holdings Group One, also holds some assets. Suning.com's stock reached its highest point in 2015 at 23.14 yuan, but now its stock price has fallen to 6.43 yuan, a loss of 70%.