Jinghong refrigerator belongs to Gree Electric.

It was learned from the National Enterprise Credit Information Publicity System that on October 22, 2018, Gree Electric has completed the acquisition of 100% equity of Hefei Jinghong Electric Co., Ltd. (hereinafter referred to as Jinghong Electric).

According to Tianyancha, the shareholders of Jinghong Electric Appliances changed on October 11, 2018, from the original Beijing Shengshi Hengxing Gree International Trading Co., Ltd. (hereinafter referred to as Shengshi Hengxing) to Zhuhai Gree Electric Co., Ltd. Co., Ltd., Gree Electric has become the sole shareholder of Jinghong Electric. At the same time, the legal representative and chairman of Jinghong Electric Appliances was also changed to Hu Wenfeng, assistant to the president of Gree Electric Appliances.

Regarding Gree Electric’s “quiet” acquisition of Jinghong Electric, Wang Zhibin, a lawyer at Shanghai Minglun Law Firm, said in an interview with reporters that only when a listed company acquires assets that meet certain disclosure conditions, it has an obligation to disclose to the outside world. Look at the proportion of the transaction object and the corresponding financial indicators. If it is a related transaction, there are special proportion regulations. ”

Extended information:

Jinghong Electric was founded in 2006. Its main product is refrigerators. But since its inception, it has had close cooperation with Gree. Jinghong Refrigerator uses Gree's online and offline sales channels. Dong Mingzhu personally advertises for it. He Yuanhang, chairman of Jinghong Electric Appliances, is also the sales general manager of Hubei Gree. He Xuebin, general manager of Jinghong Electric Appliances, is also the sales general manager of Hubei Gree. Former employee of Gree.

The wholly-owned acquisition of Jinghong Electric by Gree not only adds refrigerators to the category to achieve product diversification, but also consolidates and integrates sales channels.

Reference source: People's Daily Online - Gree Electric's wholly-owned acquisition of Jinghong Electric