Trading Of Inter Owners Suning Stock Suspended On Chinese Stock Exchange, Italian Media Report | OneFootball

Inter owners Suning experienced another setback yesterday, with the Chinese company having their stocks suspended on the Shenzhen Stock Exchange.

This follows the freezing of 5.8% of the company’s assets by a Beijing court earlier in the week, according to today’s print-based edition of Rome-based newspaper Corriere dello Sport taking up the report of Chinese news outlet Titan Sports Plus.

The order to freeze assets at the company came as a result of the inability to repay debts, with serious liquidity problems suffered due to the pandemic.

The 5.8% amount represents more than a quarter of the total shares in the company held by founder Zhang Jindong.

It is not known how this setback will affect Suning’s control of Inter in the long term, although there is no indication that it will immediately change the situation for the Nerazzurri.

The financial problems at Suning are the major factor in Inter’s own financial situation, with the club known to have strict financial targets in the summer.