Taobao China plans to transfer all its shares in Suning.com to Hangzhou Haoyue for a total price of 2.847 billion yuan

News from this site on February 24. On February 23, Suning.com Group Co., Ltd. announced that Taobao (China) Software Co., Ltd. plans to transfer its 1.861 billion shares of the company (accounting for the company’s total share capital 19.99%), was all transferred to Hangzhou Haoyue Enterprise Management Co., Ltd.

Before this equity change, Hangzhou Haoyue did not hold any shares in Suning.com, and Taobao China held 1,861,076,927 shares in Suning.com The unrestricted tradable shares account for approximately 19.99% of Suning.com’s total share capital.

On February 20, 2024, Taobao China and Hangzhou Haoyue signed a "Share Transfer Agreement", which stipulates that Taobao China will transfer its 1,861,076,927 unrestricted tradable shares of Suning.com to Hangzhou Haoyue. moon.

After the completion of this equity change, Taobao China no longer holds any shares in Suning.com. Hangzhou Haoyue holds 1,861,076,927 unrestricted tradable shares in Suning.com, accounting for approximately 19.99% of Suning.com’s total share capital. %. The transfer price per share is 1.53 yuan, and the total transfer price is 2.847 billion yuan.

According to inquiries on this site, among all shareholders of Hangzhou Haoyue, Taobao (China) Software Co., Ltd. holds 57.5947% of the shares; Zhejiang Tmall Technology Co., Ltd. holds 35.7470% of the shares;

Alibaba .com China Limited holds 6.6583% of the shares. Hangzhou Haoyue also holds shares in companies such as Easyhome, Macalline, and YTO Express.

Suning.com stated that

this equity change is a transfer of shares of a listed company between different entities under the same control within the Alibaba Group. This equity change has no substantial impact on the company's current governance structure, and the company still has no actual controller or controlling shareholder.

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