On January 16, Bank Of Nanjing Co.Ltd(601009) (601009. SH) issued supplementary announcements such as the resolution of the board of directors, which showed that Bank Of Nanjing Co.Ltd(601009) planned to acquire the controlling equity of Suning Consumer Finance Co., Ltd. (hereinafter referred to as Suning consumer finance). As of June 30, 2021, the total assets of Suning consumer finance accounted for 0.07% of the total assets of Bank Of Nanjing Co.Ltd(601009) and the shareholders’ equity accounted for 0.47%. If the subsequent acquisition is successful, this acquisition will have little impact on the operation of Bank Of Nanjing Co.Ltd(601009) .
In response to the proposed acquisition of Suning Xiaojin’s controlling interest, Bank Of Nanjing Co.Ltd(601009) said in the announcement that up to now, the counterparty and transaction proportion of the acquisition have not been determined, and Bank Of Nanjing Co.Ltd(601009) has not signed an equity transfer agreement with any shareholder of Suning Xiaojin, and the subsequent acquisition needs to be approved by the regulatory authority. There is great uncertainty in the signing of the agreement and regulatory approval. Please pay attention to the investment risk.
On January 13, Bank Of Nanjing Co.Ltd(601009) one proposal in the announcement of the resolution of the ninth meeting of the ninth board of directors was the proposal on acquiring the controlling right of participating financial institutions, which was adopted by a unanimous vote. Previously, surging news learned from multiple channels in Nanjing that Bank Of Nanjing Co.Ltd(601009) or the financial institution that acquired shares was Suning Xiaojin. However, relevant insiders also told surging news that “it is customary to go through the regulatory approval process”.
Suning Xiaojin increased its capital by 300 million yuan: Bank Of Nanjing Co.Ltd(601009) increased its capital by 30 million yuan
Suning consumer finance was founded in May 2015 with an initial registered capital of 300 million yuan and headquartered in Nanjing. It is a consumer finance company mainly sponsored by Internet retail enterprises.
According to the opening approval of Suning Xiaojin, there are five initial shareholders of Suning Xiaojin: Suning cloud Business Group Co., Ltd., with a capital contribution of 147 million yuan and a capital contribution ratio of 49%; Bank Of Nanjing Co.Ltd(601009) , with a capital contribution of 60 million yuan, accounting for 20%; BNP Paribas personal finance group invested 45 million yuan, accounting for 15%; Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , with a capital contribution of 30 million yuan, accounting for 10%; Xiansheng zaikang Jiangsu Pharmaceutical Co., Ltd. invested 18 million yuan, accounting for 6%. Among them, Suning yunshang Group Co., Ltd. is the predecessor of Suning.Com Co.Ltd(002024) (hereinafter referred to as Suning.Com Co.Ltd(002024) ). BNP Paribas is the Bank Of Nanjing Co.Ltd(601009) single largest shareholder.
In October 2016, Suning Xiaojin increased its capital by 300 million yuan and its registered capital to 600 million yuan. Surging news observed that Bank Of Nanjing Co.Ltd(601009) as the second largest shareholder at the beginning of opening, only invested 30 million yuan in the capital increase of 300 million yuan. With the completion of capital increase in 2016, the shareholder structure of Suning Xiaojin also changed.
At present, the main shareholders of Suning Xiaojin are: Suning.Com Co.Ltd(002024) , Xiansheng zaikang Jiangsu Pharmaceutical Co., Ltd., Bank Of Nanjing Co.Ltd(601009) , BNP Paribas personal finance and Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , with shareholding ratios of 49%, 16%, 15%, 15% and 5% respectively.
Bank Of Nanjing Co.Ltd(601009) once granted credit to Suning.Com Co.Ltd(002024) the largest shareholder of Suning Xiaojin
It is worth mentioning that last August, Bank Of Nanjing Co.Ltd(601009) also granted credit to Suning.Com Co.Ltd(002024) the largest shareholder of Suning consumer gold. Suning.Com Co.Ltd(002024) the third quarterly report released in October last year showed that in early July 2021, with the support of Jiangsu provincial and Nanjing municipal governments, enterprises introduced new strategic investors under the leadership of the new board of directors. Enterprises actively resume production and operation. On the one hand, with the support and guidance of relevant departments of provincial and municipal governments, the cooperation between the company and financial institutions has been restored and carried out in an orderly manner. In August, Suning.Com Co.Ltd(002024) joint credit committee was established. Banks have stabilized the scale of stock credit, actively promoted Bank Of Jiangsu Co.Ltd(600919) , Bank Of Nanjing Co.Ltd(601009) and other incremental credit, and gradually restored enterprise liquidity.
In addition, Bank Of Nanjing Co.Ltd(601009) also disclosed the latest operating data of Suning Xiaojin: 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.
