Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, recently obtained conditional approval from the China Securities Regulatory Commission for its private placement plan, sources reported.Suning said in a statement filed with the Shenzhen Stock...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, plans to launch 50 chain stores during the eight-day National Day holiday starting from tomorrow. The home appliance retailer will open 22 new stores and 28 newly renovated stores in the upcoming...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, yesterday inked a direct purchase agreement with Hewlett-Packard Co in Nanjing to help the latter expand in the Chinese PC consumer market. It is estimated that Suning will sell RMB 1.5 million worth of...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, aims to raise as much as RMB 3 billion by issuing up to RMB 200 million shares to some investors, sources reported.Suning's shareholders have approved the share issuance plan. Chairman...
Suning Appliance Co Ltd<002024>, China's second largest home appliance retailer, on Wednesday announced that it will acquire a 27.36% stake in Japan-based electronics retailer LAOX Co, becoming its biggest shareholder, sources reported....
Chinese retailer Suning Appliance announced yesterday it was tied up with struggling Japanese retailer Laox. Laox will issue roughly 800 million yen ($8.39 million) in shares to Suning. The share sale represents a 27.36 percent stake in Laox, making Suning the largest shareholder. Once among Japa...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, on Thursday said that it was in negotiations with Japanese consumer electronic retailer Laox on a possible equity deal, Reuters reported.The two companies have not inked any final agreements yet, said...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, on Wednesday said its first-quarter net profit attributable to its parent company rose 10.21% year on year to RMB 474.96 million from RMB 430.97 million in 2008. In the period from January to March,...
Hasee Computer Co Ltd, a Shenzhen-based innovative PC company, terminated the cooperation with Suning Appliance Co Ltd<002024> due to the disagreements on the contract renewal conditions for 2009, sources reported.Last year, Hasee signed supply and sales contract with Suning, which enables its PC...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, plans to launch four to five stores in Hong Kong in the second half of 2009, one year ahead of its original schedule, said the company's chairman Zhang Jindong on Sunday.Zhang said that the company...