Suning Cloud Commerce shares soared by more than 6%: Taobao became the second largest shareholder with 28.2 billion shares
American VPS Today, Suning Cloud Commerce released an announcement yesterday that it issued about 1.927 billion shares to Taobao and Anxin Suning No. 2, two specific investors, at a price of 15.17 yuan per share. The total amount of funds raised was about 29.233 billion yuan, and the net amount of funds raised was 29.085 billion yuan. Among them, Taobao subscribed about 1.861 billion shares, with a subscription amount of about 28.233 billion yuan. After this offering, Taobao became the second largest shareholder of Suning Cloud Commerce, which rose more than 6 percent on the third day
It is understood that this transaction was first announced at Suning headquarters in Nanjing on August 10 last year. According to the agreement, Alibaba Group will invest about 28.3 billion yuan to participate in the non-public offering of Suning Cloud Commerce, accounting for 19.99% of the total equity after the offering, and become the second largest shareholder of Suning Cloud Commerce. At the same time, Suning Cloud Commerce will subscribe for no more than 27.8 million newly issued shares of Alibaba with 14 billion yuan.
It is reported that the net amount of funds raised by Suning Cloud Commerce in this issuance will mainly be used for the logistics platform construction project and Suning E-shop development project. According to the public information, 8.733 billion yuan was invested in the logistics platform construction project, and 10.062 billion yuan was invested in the Suning E-shop development project. According to the data, the annual sales volume of Alibaba platform currently exceeds 3 trillion yuan; Suning Yunshang is the largest household appliance retail chain enterprise in China, with more than 1600 offline stores and more than 5500 after-sales service outlets.
