Suning Appliance Group
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Native name
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苏宁电器集团有限公司 |
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Formerly called
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| Industry | Real estate, sports club |
| Founded | 24 November 1999 |
| Founder |
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| Headquarters | 68 Huaihai Road, Nanjing, China |
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Key people
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Bu Yang (chairwoman) |
| Profit | CN¥610 million (2010) |
| Total assets | CN¥20.278 billion (June 2011) |
| Total equity | CN¥3.507 billion (June 2011) |
| Owner |
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| Subsidiaries | Jiangsu F.C. (100%) |
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Footnotes / references in separate balance sheet (unaudited) |
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Suning Appliance Group Co., Ltd. (Chinese: 苏宁电器集团有限公司) is a Chinese holding company that was the second largest shareholder of Suning Appliance (known as Suning Domestic Appliance in 1996, Suning Appliance Chain Store (Group) in 2001, now known as Suning Commerce Group since 2013). Since June 2016 Suning Appliance Group became the third largest shareholder, after Zhang Jindong, founder of Suning and Alibaba Group.
The company formerly known as Jiangsu Suning Appliance Co., Ltd. (Chinese: 江苏苏宁电器有限公司) and Jiangsu Suning Appliance Group Co., Ltd. (Chinese: 江苏苏宁电器集团有限公司).
As at 2002, Jiangsu Suning Appliance Group Co., Ltd. was owned by the ex-senior staff of Suning Appliance Co., Ltd., namely Liu Xiaomeng, Zhang Jindong, Sun Weimin (Chinese: 孙为民 , CEO of Suning) and Chen Jinfeng (Chinese: 陈金凤) for 42%, 28%, 18% and 12% stake respectively. The company owned several real estate and leased to Suning Domestic Appliance. When Suning Domestic Appliance was listed in , Jiangsu Suning Appliance Group owned 18.29% stake.
In 2009 the Chinese name of the company was changed from Jiangsu Suning Appliance Group Co., Ltd. to Suning Appliance Group Co., Ltd..
Circa 2010s, Liu and Chen were withdrew as a shareholder of Suning Appliance Group Co., Ltd.. The latter still owned an equity stake in Suning Commerce Group directly. Moreover, Bu Yang (Chinese: 卜扬), a senior staff of Suning Commerce Group, was introduced as a shareholder of Suning Appliance Group Co., Ltd..
In 2013 Zhang owned 39.75% stake, Bu owned 40.17% and Sun owned 20.08%. In the same year, via Hong Kong incorporated subsidiary Suning International Limited, Suning Appliance Group purchased about 1% stake in Hong Kong listed company Hydoo International Holding Limited.
As at the first quarter of 2016, Zhang owned 48.10% stake in Suning Appliance Group Co., Ltd. as the second largest shareholder, Bu was the major shareholder for 49.1% stake, with Sun was the third for 2.8% stake.
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