Suning.com sells 23 per cent stake to Shenzhen International and Shenzhen Kunpeng

Source: South China Morning PostShares of Shenzhen-listed Suning.com surged 10 per cent on Monday after Shenzhen International Holdings and Shenzhen Kunpeng Equity Investment Management agreed to acquire 23 per cent of the online electric appliance retailer for 14.8 billion yuan (US$2.28 billion).Suning.com opened at 7.7 yuan on Monday, while Hong Kong-listed Shenzhen International also edged up by as much as 3.43 per cent to HK$13.28.On Sunday, Shenzhen International, a logistic and infrastructure facilities operator,…Read More

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