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By Syndicated Content Feb 25, 2021 6:28 AM BEIJING (Reuters) - Chinese retailer Suning.com said on Thursday shareholders plan to sell 20% to 25% of the company to unnamed buyers which might lead to a change in control as its parent seeks to raise cash. The company said it was notified of the stake sale by its founder Zhang Jindong and its parent Suning Appliance Group, who respectively hold a 20.96% and 19.88% stake in the firm. Suning.com s other shareholders include e-commerce giant Alibaba Group which bought a 19.99% stake as part of a strategic partnership in 2015. The transfer, if completed, will help further improve the company s shareholding structure and the steady implementation of long-term strategy, Suning said in a statement to the Shenzhen Stock Exchange on Thursday, without elaborating. ....
China's Suning.com says shareholders plan to sell up to 25% stake reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China's Suning.com says shareholders plan to sell up to 25% stake reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Communist China company bought 130K acres in Texas near US military facilities It was largely ignored by the media that prefers to emphasize the villainy of Russia. Also ignored, for the most part, except for Fox News and a few other lesser outlets: China purchased over 100,000 acres of land in West Texas. They say it’s for economic reasons. They built a wind farm, but it is near U.S. military facilities like Fort Hood, Fort Bliss, and Lackland Air Force Base. Lackland and nearby Laughlin AFB. Beginning in 2015, GH America Investment Group purchased over 130,000 acres of property in Val Verde County. GH America is a wholly-owned subsidiary of the Xinjiang-based Guanghui Industry Investment Group. Xinjiang is notorious for its so-called “re-education” camps, where China detains Uighur Muslims and other ethnic minorities against their will and violates their human rights, Fox News reports. ....