[Abstract]2015 August 10th, Alibaba announced a 28 billion 300 million stake in Su Ningyun, while Suning to subscribe for new shares issued by Ali, 14 billion.
technology news (Wang Pan) April 17th news, Su ningyun today announced that the Alibaba group to subscribe for about 1.09% of the shares, a wholly owned subsidiary of Shiny Lion Limited intends to apply for the special loan to the bank, the loan amount does not exceed 10 billion yuan RMB equivalent US dollars, the specific amount of the loan before signing the agreement, the loan period not more than 4 years.
said the announcement, Su ningyun and Alibaba Group Holding Limited (hereinafter referred to as the "Alibaba group") for strategic cooperation, the Alibaba Group subsidiary Taobao (China) Software Co., Ltd. intends to subscribe the company in 2015 the non-public offering of shares, accounting for about 19.99% of the total share capital after the issue of the company; at the same time, Su Ningyun’s plans through outside the new design the company is not more than 14 billion yuan dollar equivalent to $81.51 per share price, the investment subscribed Alibaba group additional ordinary shares, ordinary shares and the subscription number does not exceed 27 million 800 thousand shares, the subscription is expected after the completion of the issuance, the company will hold approximately 1.09% of the total issued share capital of the Alibaba group, the final number of shares subscribed will in the future when the subscription of shares of exchange rates determined.
August 10, 2015, the Alibaba announced a comprehensive strategic cooperation with Su Ningyun, the non-public offering of shares of the Alibaba group will invest about 28 billion 300 million yuan in Su ningyun, accounting for 19.99% of the shares, becoming the second largest shareholder of Su ningyun. At the same time Suning will be 14 billion yuan to subscribe for not more than 27 million 800 thousand shares of the newly issued shares of Ali, the total share capital of $1.09%.
notice that, taking into account the above strategy, the larger the amount of investment, in order to effectively guarantee the corporate capital turnover, and improve the efficiency of the use of funds, make full use of bank credit, a wholly owned subsidiary of Shiny Lion (Limited is a wholly owned subsidiary of Hongkong Suning Appliance Limited company established a wholly owned subsidiary in the Cayman Islands, as the implementation plan the subject of the transaction, hereinafter referred to as the "Shiny Lion") is the strategic investment bank intends to apply for the special loan matters.
loans are as follows:
1, the loan amount: not more than 10 billion yuan equivalent to the dollar, the specific amount of the loan agreement before signing.
2, loan period: no more than 4 years.
3, the measures to increase trust: the company, a wholly owned subsidiary of Hongkong Suning Appliance Co. Ltd. and Shiny Lion for loans provided by letter, including the pledge, good agreement, issued by the dimension and / or using other conventional market credit enhancement way, "