Computer and Electronics Retail(IN40184.SH)

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Computer and Electronics Retail
IN40184.SH
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The reorganization plan of Suning Group and 37 other companies has been approved by the court

The reorganization plan of Suning Appliance Group Co., Ltd. and its 38 companies has been approved by the Nanjing Intermediate People's Court, and the substantive merger reorganization procedure has been terminated. ST SUNING.COM disclosed this news in an announcement

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Suning.com Subsidiary Carrefour China Sells Eight Supermarket Operators for Insolvency

Suning.com Subsidiary Carrefour China Sells Eight Supermarket Operators for Insolvency

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The Suning Group's 38 companies plan to restructure, and the rights of external shareholders, including former Jiangsu billionaire Zhang Jindong, will be completely transferred without compensation

Suning Appliance Group and 37 other companies plan to restructure, facing over 230 billion yuan in debt, with asset liquidation value shrinking by more than half, leaving only 41 billion yuan, resulting in insolvency. The voting period for the restructuring plan has been extended to December 14, and external shareholder rights will be transferred without compensation

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The 38 companies under Suning intend to restructure, and the draft states that Zhang Jindong and his wife need to commit to injecting all personal assets into the trust

The voting period for the substantive merger and restructuring plan of Suning Appliance Group and 37 other companies has been postponed to December 14. The plan requires the original actual controller Zhang Jindong and his spouse Liu Yuping to commit to injecting their personal assets into a trust to suspend creditors' claims against their guarantee liabilities

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Tianma Microelectronics Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2025

Tianma Microelectronics Co., Ltd. reported earnings for the nine months ending September 30, 2025, with sales of CNY 26,662.7 million, up from CNY 24,014.02 million the previous year. The company achieved a net income of CNY 313.12 million, recovering from a net loss of CNY 472.62 million a year ago. Basic and diluted earnings per share from continuing operations were CNY 0.1274, compared to losses of CNY 0.1923 in the prior year.

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