It is a family.

Gree Real Estate is located in Zhuhai, the "City of One Hundred Islands" on the coast of the South China Sea. It is a group strategic and national distribution enterprise integrating real estate development, marine economic industry, port economic industry and modern service industry.

On February 20, 2014, the Zhuhai Municipal State-owned Assets Supervision and Administration Commission announced that 51.94% of Gree Real Estate’s shares held by Gree Group will be transferred to Zhuhai’s newly established state-owned assets reform and reorganization platform for free. company. After the equity transfer is completed, the control relationship between Zhuhai State-owned Assets Supervision and Administration Commission, the platform company and Gree Real Estate will be formed.

Extended information:

Gree Group was established in March 1985. After 33 years of development, Gree Group has become one of the largest and most powerful enterprise groups in Zhuhai, forming a comprehensive development pattern of three major sectors: industry, real estate, and petrochemicals.

The group owns two well-known trademarks in China: "Gree" and "Rossini". "MMC" is a well-known trademark in Guangdong Province. Gree air conditioners and Rossini watches have won the title of Chinese famous brand products. In 2005, Gree Group achieved sales revenue of 19.6 billion yuan, total profit of 740 million yuan, and export earnings of 550 million US dollars.

Since its establishment, Gree Group has been the controlling shareholder of Gree Electric Appliances. In 2004, Zhu Jianghong, then chairman of Gree Electric Appliances, said that Gree Electric Appliances would introduce strategic investors and would not allow state-owned shares to dominate . Since 2006, Gree Group has continuously reduced its shareholding ratio in Gree Electric Appliances, from the initial absolute holding of 50.28% to the current 18.22%.

Gree Electric’s 2018 third quarter report shows that in addition to Gree Group, which is the largest shareholder, among the top ten shareholders, the second largest shareholder is Hebei Beijing Guarantee Investment Co., Ltd., which is owned by Gree Electric. As a shareholder, the main dealer holds 8.91% of Gree Electric's shares. The shareholders ranked 3rd to 9th are all institutional investors, and the 10th largest shareholder is Dong Mingzhu, with a shareholding ratio of 0.74%.

Baidu Encyclopedia—Gree Real Estate

Baidu Encyclopedia—Gree Group