Suning Consumer Finance Co., Ltd. announced that it will receive CNY 4,440 million in a round of funding on September 2, 2022.The transaction will include participation from returning investors Bank of Nanjing Co., Ltd. for CNY 2,914 million and 65% stake and BNP Paribas SA for CNY 1,486 million and 30.08% stake. The company will issue common shares in the transaction. The transaction has been approved by the thirteenth meeting of the ninth board of directors of Bank of Nanjing Co., Ltd. On closing, the registered capital of the company will increase from from CNY 600 million to CNY 5,000 million.
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- News Bank of Nanjing Co., Ltd.
- BON BNPP Consumer Finance Co Ltd announced that it expects to receive CNY 4.4 billion in funding from BNP Paribas SA, Bank of Nanjing Co., Ltd.