Taobao'S 28 Billion 200 Million Stake In Sunning Became The Second Largest Shareholder.

Yesterday evening,

The announcement of the report on the development of A shares of non-public companies was issued, issuing about 1 billion 927 million shares to two specific investors of Taobao (China) software (hereinafter referred to as Taobao) and Anxin Suning 2. The issue price is 15.17 yuan / share, the total amount raised is about 29 billion 233 million yuan, and the net proceeds is 29 billion 85 million yuan.

Among them, Taobao subscribed for about 1 billion 861 million shares, and the subscription amount was about 28 billion 233 million yuan.

After this issue, Taobao became the second largest shareholder of Suning cloud business.

Details of the issue subscription

After this issue, the number of sunning cloud shares held by Taobao is 19.99% of the total share capital of the company after the issue, and the shareholding ratio of Suning Electric Group Co., Ltd., the second largest shareholder of sunning Yun group, dropped to 15.62%.

The shareholding ratio of the first largest shareholder of Zhang Sundong, the largest shareholder of Suning, dropped to 20.96% from 26.44% before the issue.

The top ten shareholders of sunning Yun before the issue

This issue has an impact on the structure of sunning's equity capital.

This issue will not lead to changes in the actual controller of Suning cloud company, and its senior management structure will not change due to this issue.

However, according to the conditional and effective share subscription agreement signed by the company and Taobao (China) software, after the completion of this issue, if Taobao does not pfer or sell any shares of the company, if its shareholding ratio is not less than 15%, it will have the right to nominate 2 non independent directors.

Under the sunning group's shareholding ratio of less than 15% but not less than 10%, it has the right to nominate 1 non independent directors.

If Taobao pfers or sells any shares of the company, it will have the right to nominate 1 non independent directors when the shareholding ratio of Taobao (China) software is not less than 10%.

The fund is mainly used for sunning cloud business.

Platform construction and suning.com cloud store development, Internet financial projects, IT projects and repayment of bank loans and supplementary liquidity projects.