News Snapshot:
Inter Owner Suning’s Stocks Frozen On Exchange, Chinese Media Report June 16, 2021 15:00 ( ) The stocks of Inter owner Suning’s retail company suning.com have been suspended after a market collapse following the freezing of 5.8% of the company’s shares by a Chinese court. This according to Chinese news organization Titan Sports Plus, who report on Twitter that the decision to freeze more than a quarter of shares owned by founder Zhang Jindong has prompted the company’s stock to fall rapidly in the Chinese stock exchange. The decision to freeze Jindong’s shares followed a liquidity crisis at the company...
