Home » Suning Group: Has completed the repayment of 1% of the employee’s loan principal, and strives to repay it in full by June 30, 2022-e-commerce-cnBeta.COM

Suning Group: Has completed the repayment of 1% of the employee’s loan principal, and strives to repay it in full by June 30, 2022-e-commerce-cnBeta.COM

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On the evening of December 27th, Suning Group issued an internal letter to all Suning Group industries and Suning Tesco employees involved in internal borrowing, stating that Suning Group has continued to raise funds to repay employees’ internal borrowings. According to the availability of funds, today (12 27th) has completed the repayment of 1% of the employee’s loan principal. The group strives to repay the entire principal before June 30, 2022.

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According to the internal letter, Suning Group stated that it always regards the repayment of employee loans as a top priority, and that it will repay in time once the funds raised are in place.

In addition, yesterday (December 26), Suning Chairman Zhang Jindong issued an internal letter to all employees on the occasion of Suning’s 31st anniversary. The letter stated that in the past year, the company encountered unprecedented challenges and also tried every means to solve the problem. At present, the company’s debt problems have been stabilized in stages, and Tesco’s operations have also resumed in an orderly manner.

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