On March 7, Bank Of Nanjing Co.Ltd(601009) announced that it plans to acquire a total of 41% equity held by other shareholders of Suning Consumer Finance Co., Ltd. (hereinafter referred to as "Suning consumer finance") through agreement transfer in the near future, so as to obtain the controlling right of Suning consumer finance.
Upon completion of this acquisition, Bank Of Nanjing Co.Ltd(601009) will increase the shareholding ratio of Suning Xiaojin from 15% to 56%, with a total investment amount of 38786 million yuan. However, the announcement said that at present, the acquisition still needs to be approved by relevant regulators.
Previously, on March 4, 2022, Bank Of Nanjing Co.Ltd(601009) signed the equity transfer agreement with BNP Paribas and Suning.Com Co.Ltd(002024) (hereinafter referred to as " Suning.Com Co.Ltd(002024) group") to transfer the 39% equity of Suning Xiaojin held by the group and all rights and interests attached thereto.
Among them, Bank Of Nanjing Co.Ltd(601009) paid 3405.6 million yuan and transferred 36% equity of Suning Xiaojin held by Suning.Com Co.Ltd(002024) group; BNP Paribas, the major shareholder of the bank, paid 28.38 million yuan to acquire the 3% equity of Suning Xiaojin held by Suning.Com Co.Ltd(002024) group.
On the same day, Bank Of Nanjing Co.Ltd(601009) also signed the equity transfer agreement with Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) (hereinafter referred to as " Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) "). The subject matter of equity transfer is the 5% equity of Suning Xiaojin held by Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) and all rights and interests attached thereto. The purchase price of the subject equity is 47.3 million yuan.
In other words, after the completion of the above equity transfer, Bank Of Nanjing Co.Ltd(601009) holding the equity of Suning Xiaojin increased from 15% to 56%, becoming the largest shareholder Suning.Com Co.Ltd(002024) shareholding ratio decreased from 49% to 10% Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) quit and no longer hold Suning Xiaojin shares.
From the performance report, as of the first three quarters of 2021, Bank Of Nanjing Co.Ltd(601009) achieved an operating revenue of 30.302 billion yuan, an increase of 20.99% year-on-year, and a net profit attributable to shareholders of listed companies of 12.344 billion yuan, an increase of 22.36% year-on-year. In terms of consumer loan business, by the end of June 2021, Bank Of Nanjing Co.Ltd(601009) consumer loans had a balance of 109404 billion yuan, accounting for 47.9% of the balance of personal loans, an increase of 0.41 percentage points over the end of the previous year.
According to public information, as of June 30, 2021, Suning Xiaojin had a registered capital of 600 million yuan, total assets of 1.115 billion yuan and shareholders' equity of 537 million yuan; From January to June 2021, the operating revenue was 106 million yuan and the net profit was - 34 million yuan.
