Zhang resigned and Ali nominated Huang Mingduan. Can the low-key Prince Suning inherit his father's business?
On July 12, an important event happened in Suning.cn. Chairman Zhang resigned and sold 16.96% shares to obtain 8.8 billion financing.
However, Zhang's departure was not out of intention, but a helpless choice for Suning to develop into a fork in the road and be heavily in debt.
1990, at the age of 27, Zhang resigned and founded Suning, starting from an air-conditioning sales store and now becoming a shopping center giant with online and offline operations and diversified business. The 30-year development of Suning has devoted Zhang's efforts.
The larger the scale of enterprise development, the wider the scope involved, the more careful it is to operate, and one careless move will lose the game. At the beginning of 2020, news about the break of Suning's capital chain emerged one after another.
Sure enough, on February 28th, Suning.cn announced that he would transfer 23% of his shares to Shenzhen State-owned Shenzhen International Holdings Co., Ltd. and Shenzhen Kunpeng Equity Investment Management Co., Ltd. in order to tide over the difficulties.
Then, Shenzhen state-owned assets began to inspect and verify Suning. Unexpectedly, on June 3rd, 520 million shares of Suning.cn were transferred to Jiangsu Xinxin Retail Innovation Fund at a price of 365,438+82 million yuan, and the transfer registration formalities were completed the next day.
Jiangsu Xinxin Retail Innovation Fund has the state-owned background of Jiangsu Province and Nanjing City, and companies such as Ali and Haier are among them, and their strength cannot be underestimated.
However, after this operation, the shares that Suning.cn can transfer to SZSE are13.11000000, which is lower than the promised13.44 million.
To make matters worse, due to various financial problems, Suning.cn suspended trading on June 16, and its share price fell to 5.59 yuan per share.
However, the purchase price agreed between Shenzhen Stock Exchange and Suning is 6.92 yuan per share. If trading continues, the Shenzhen Stock Exchange will lose money, and no one will do business at a loss. Therefore, the Shenzhen Stock Exchange cancelled the equity acquisition of Suning.cn.
This is waiting to see the performance of the main event. On July 5th, Suning.cn announced that it would transfer 16.96% of the shares, including15.79 million shares, to the second phase of Nanjing Xinxin Retail Venture Fund, and * * * obtained financing of 8.827 billion yuan.
After the transfer, although Zhang still owns more than 20% of the shares, he has lost control of the company and is in a state of no controlling shareholder or actual controller.
This is the opening scene, Zhang resigned as the chairman of the board.
This also means that Suning.cn's leadership is facing a major shake-up, and it has reached a critical moment to overcome the crisis.
Then, can the 8.8 billion yuan raised by selling stocks fulfill the mission of saving Suning.cn? Who will be Suning.cn's next helm after Zhang leaves?
For the new generation of helm of Suning. com, Zhang has his own arrangements and has nominated his son Zhang as a non-independent director candidate of the board of directors.
Before that, Zhang rarely appeared in public view, and he was also a rich second generation playboy. Compared with Wang Sicong's high-profile behavior and anger, Zhang is much lower-key.
Zhang was born in 199 1, which is exactly the same as the growth track of all the second generations. Zhang, 15 years old, after finishing junior high school in Nanjing Foreign Languages School, went to an elite school in the United States to attend high school, with excellent grades, and received invitations from many universities.
Zhang chose to go to Wharton Business School for further study. After graduating from college, Zhang worked in the capital market, dabbling in and financing business.
20 15, Zhang returned to China and entered Suning. After Zhang's return, Zhang did not imitate Wang Jianlin and let him invest and practice casually. Instead, Zhang was directly arranged to enter Suning to be responsible for international business development.
Zhang's achievements in Suning Group can be summarized in one sentence.
On 20 16, Suning Group acquired 70% of the shares of Serie A giants Inter Milan Club, and Zhang entered the board of directors. 20 18 Zhang became the new president of Milan club.
Also on 20 16, Suning Group acquired a League of Legends secondary league team, which was later Suning E-sports Club (SN), and its head was still Zhang.
China's traditional sports and emerging sports are great opportunities to exercise.
However, it seems that the results of the two teams under Zhang's command are not satisfactory.
In 2020, Zhang led the Suning e-sports team to enter S 10. Although the game started brilliantly, it lost to South Korea in the end.
Compared with Wang Sicong, who is also keen on e-sports, he won the championship two years ago, earning both fame and fortune.
Look at Serie A Inter Milan invested by Suning, because it has been unable to qualify in the Champions League group and its morale is low.
There is also a Suning store with Zhang as the first shareholder, which has to be spun off from the listed company because of serious losses. ...
From this point of view, although Zhang is a younger generation successor with room for improvement, so far he has not made any capital that he can be proud of. Whether he is qualified to take the helm is a question mark in many people's minds.
As mentioned earlier, Suning is no longer a monopoly, but a multi-party holding. In other words, Zhang is not the only one who can decide who should be the new helm.
Following Zhang's nomination of his son Zhang, Nanjing Xinxin Fund Retail Phase II also nominated Handi as a non-independent director candidate.
These two people are from different backgrounds.
Xi Handi is currently the co-founder and chairman of China Mobile Games, and Cao Qun is the chairman of Huatai Zijin Investment. They have decades of investment experience and have done well in domestic and foreign capital markets.
Taobao, which holds 19.9%, also has its own abacus. They nominated Huang Mingduan, chairman of Gaoxin Retail Co., Ltd. ..
Huang Mingduan, born in 1955, graduated from the Business Research Institute of Taiwan Province Provincial University with an MBA. During his tenure as general manager of RT Mart, he was called the "King of Land Wars" because he presided over the merger and listing of RT Mart and Auchan in Hongkong. It is appropriate to choose him to lead Suning, which has made a fortune in retail.
Obviously, compared with the other three, Zhang is no match at all.
On the other hand, Zhang also has his own advantages. As the "Ye Taizi" of Suning, he must be the most convincing among Suning people. For the elderly in Suning, he may prefer Zhang.
On the other hand, as the saying goes, youth has young capital. As a new generation, Zhang's potential and appeal among the younger generation can not be ignored.
Therefore, who will be Suning's next helm, before the official release, everything is just speculation. The biggest challenge is how to lead Suning out of the quagmire and resolve the debt crisis by selling more than 8 billion funds.
This hurdle, if Suning and the new head can pass, the future can be expected.
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Author: Heart to Wu Tong