Bank Of Nanjing Co.Ltd(601009) official announcement of acquisition of Suning Consumer Finance Co., Ltd. (hereinafter referred to as Suning consumer finance).
On March 7, Bank Of Nanjing Co.Ltd(601009) released the progress announcement on the acquisition of the controlling interest of Suning Xiaojin, which shows that the bank plans to acquire the total 41% equity held by other shareholders of Suning Xiaojin through agreement transfer in the near future, so as to obtain the controlling interest of Suning Xiaojin. After the completion of this acquisition, Bank Of Nanjing Co.Ltd(601009) holding the equity of Suning Xiaojin increased from 15% to 56%, with a total investment of 388 million yuan.
Specifically, Bank Of Nanjing Co.Ltd(601009) paid 341 million yuan to acquire 36% equity of Suning Xiaojin held by Suning.Com Co.Ltd(002024) group, and BNP Paribas paid 28.38 million yuan to acquire 3% equity of Suning Xiaojin held by Suning.Com Co.Ltd(002024) group Bank Of Nanjing Co.Ltd(601009) and Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) (hereinafter referred to as Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) ) signed the equity transfer agreement and transferred the 5% equity of Suning Xiaojin held by Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) and all rights and interests attached thereto for 47.3 million yuan.
Upon completion of this acquisition, Suning Xiaojin’s equity structure will become: Bank Of Nanjing Co.Ltd(601009) shares hold 56% as the largest shareholder, BNP Paribas personal finance holds 18% as the second largest shareholder, Xiansheng zaikang Jiangsu Pharmaceutical Co., Ltd. holds 16% as the third largest shareholder and Suning.Com Co.Ltd(002024) holds 10% as the fourth largest shareholder.
Bank Of Nanjing Co.Ltd(601009) said that after the completion of this acquisition, Bank Of Nanjing Co.Ltd(601009) will establish a long-term business cooperation relationship with Suning.Com Co.Ltd(002024) in the field of consumer finance business, and rely on the holding consumer finance company to cooperate with Suning.Com Co.Ltd(002024) in consumer finance business. The acquisition still needs to be approved by the regulatory authority, and there is uncertainty. Please pay attention to investment risks.
Surging news observed that the banking department is actively arranging consumer finance companies. Up to now, 30 consumer finance companies have been established, including 19 bank consumer finance companies (the largest shareholder is the bank). With the Bank Of Nanjing Co.Ltd(601009) completion of the acquisition of Suning Xiaojin’s controlling stake, the number of banking Xiaojin companies will be expanded to 20.
In addition, according to the exclusive understanding of surging news, after the completion of this equity change, Suning Xiaojin does not rule out a new round of capital and share increase to further enhance its equity strength.
