Suning Parent Increases Stake to 13.7%
Netease Tech, 11/19/12
Chinese consumer electronics and home appliances retailer Suning (002024.SZ) received notice today that the Suning Appliance Group, Suning's second-largest shareholder, increased its stake in the company by 67.94 mln shares for RMB 428 mln purchased on the Shenzhen Stock Exchange between August 16 and November 15 at an average price of RMB 6.29. The Group's total stake increased to 1.01 bln shares to reach 13.7%.
Editor's Note: For more background on this topic, please see "Key Suning Shareholder to Increase Stake by RMB 1 Bln" MD 8/15/12 issue.
Keywords: consumer electronics hardware Suning home appliances 002024.SZ retail
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