TS – Suning still in trouble: postponement requested and obtained for a bond repayment

Still economic difficulties for Suning, the holding of Zhang asks for a postponement for the repayment of a bond

The financial difficulties of the group continue Suning after the big contraction in post-pandemic revenues. A crisis that has affected various aspects of the business chain it leads Zhang, forced to downsize costs and investments. To attest to the complicated situation of the Chinese giant is Chinese economic information Caixin which speaks of the request made by the Zhang family holding company on the Shenzhen Stock Exchange “to postpone the repayment of a $ 656 million bond, due three days ago”, request endorsed by creditors who have granted Suning two years to be able to repay the debt as stated in the columns of Tuttosport.

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