October 14, 2018 / 12:28 PM / a month ago

Suning’s affiliate plans share issue, to buy Suning’s supermarket unit

SHANGHAI, Oct 14 (Reuters) - Suning.com said its affiliate Suning Smart Life plans to raise $250 million through a share issue, and that it has agreed to sell its supermarket unit to Suning Smart Life for 745.4 million yuan ($108 million).

$1 = 6.9182 Chinese yuan renminbi Reporting by Alexandra Harney; Editing by Mark Potter

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