Bank Of Nanjing Co.Ltd(601009) : it is proposed to acquire the controlling interest of Suning Consumer Finance Co., Ltd

On January 17, Bank Of Nanjing Co.Ltd(601009) issued a supplementary announcement to the announcement of the resolution of the board of directors, proposing to acquire the controlling interest of Suning Consumer Finance Co., Ltd.

The announcement shows that up to now, Bank Of Nanjing Co.Ltd(601009) holds 15% of the shares of Suning Consumer Finance Co., Ltd., Suning.Com Co.Ltd(002024) holds 49% of the shares of Suning consumer finance, Xiansheng zaikang Jiangsu Pharmaceutical Co., Ltd. holds 16% of the shares of Suning consumer finance, BNP Paribas personal finance holds 15% of the shares of Suning consumer finance, and Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) holds 5% of the shares of Suning consumer finance.

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; In the first half of 2021, the operating revenue was 106 million yuan and the net profit was – 34 million yuan.

Bank Of Nanjing Co.Ltd(601009) indicates that as of June 30, 2021, the total assets of Suning Xiaojin accounted for 0.07% of the total assets of the company and the shareholders’ equity accounted for 0.47%; In the first half of 2021, Suning Xiaojin’s operating revenue accounted for 0.52% of the company’s operating revenue and its net profit accounted for – 0.40%. If the subsequent acquisition is successful, this acquisition will have little impact on the company’s operating conditions and will not have a significant impact on the company’s operating results.

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