NANJING , January 3 , SinoCast -- Suning Commerce Group Co., Ltd. (SZSE: 002024) revealed that affiliated Great Universe Limited has completed equity transfer with PPTV related parties and granted stock rights to the management team of the latter. Upon completion, Great Universe Limited holds a 44% stake in PPTV as majority shareholder. Ended December 31, 2013 , the former had paid USD 217.7762 million to related parties of the latter. The payment is proprietary money and merger loans applied from China Development Bank (CDB). Remaining payment will be completed within one year.
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