A few days ago, Dong Mingzhu responded to this matter when accepting CCTV 2's "Dialogue" column. She said that she has a clear conscience towards the country and consumers. She will not rest on her laurels, but will accept challenges and keep moving forward.
She said that when she was dismissed, many consumers supported her, which made her very touched. "I have rarely shed tears in the past 20 years, but seeing the support from consumers, I feel it is worth it."
As early as October 18, the Zhuhai Municipal State-owned Assets Supervision and Administration Commission issued a notice to the Gree Group Board of Directors: "Comrade Dong Mingzhu is removed from the position of chairman, director and legal representative of Zhuhai Gree Group Co., Ltd." This time, Dong Mingzhu is removed from the position of chairman of Gree Group. Dong Mingzhu is still the chairman of Gree Electric Appliances.
Information shows that Gree Group is a state-owned enterprise and is owned by the Zhuhai State-owned Assets Supervision and Administration Commission. Gree Electric is a subsidiary of Gree Group. Gree Group currently holds 18.22% of Gree Electric's shares and is the largest shareholder of Gree Electric.
As a result, Zhuhai City recently issued new regulations: the same person cannot serve as the chairman of the group and the listed company at the same time, thus Dong Mingzhu was removed from the position of chairman of the group. Gree is not the only one who made this adjustment.
Dong Mingzhu joined Gree as a business manager in 1990. In 1994, she successively served as the director of the business department, deputy general manager and vice chairman of Zhuhai Gree Electric Co., Ltd. In 2007, she served as Gree Electric Co., Ltd. President of the company.
In May 2012, after Zhu Jianghong, the founder of Gree Electric Appliances, resigned as chairman, party secretary and president of Gree Group, and completely retired, Dong Mingzhu took over as chairman of Gree Group.
Dong Mingzhu is now 62 years old and has served as the chairman of Gree Group for 4 years. Although she has reached the age of retirement, she still has unfulfilled ambitions and is unwilling to step back. She has been leading Gree. effort.
I was once such a stubborn woman. She even dared to display her portrait on the startup screen. She felt sorry for the consumers if she didn’t display it. There was no grass on the road she walked. The Biao I posted not long ago is still fresh in my mind.
Now he has fallen into the same fate as Wang Shi, but it is not as difficult and tortuous as Wang Shi's struggle. It feels like he was squeezed out of his position overnight.
In fact, reaching this point is not without warning. Gree started as a state-owned enterprise in Zhuhai and was established in 1985. Since its listing in 1996, Gree's state-owned shares have been continuously diluted. However, the Zhuhai State-owned Assets Supervision and Administration Commission has always been the largest shareholder and also enjoys the power to appoint the chairman.
Gree’s second largest shareholder, Jinghai Guarantee, is a consortium of major dealers. Unlike Wang Shi, Dong Mingzhu is not the founding team of the company. She has reached her current position step by step from sales, but she can only Is a professional manager.
Dong Mingzhu once tried to achieve actual control of the company, but failed!
On October 28 last year, a video of Dong Mingzhu getting angry at Gree’s extraordinary shareholders’ meeting was widely circulated.
On the surface, Dong Mingzhu was angry because of the "lack of applause". But in fact, the deeper reason for Dong Mingzhu's anger was that the shareholders' meeting rejected 15 proposals and rejected the "white knight" plan to acquire Zhuhai Yinlong. All of this frustrated Dong Ming's plan to achieve control of the company.
In this Zhuhai Yinlong private placement proposal, Gree clearly has hundreds of billions of cash on its books, and Dong Mingzhu also decided to acquire Yinlong in the form of additional stock issuance.
At the same time, the non-public issuance of shares to 8 specific targets will raise no more than 9.7 billion yuan, of which the company's controlling shareholder Gree Group plans to subscribe for 4.1 billion yuan, and the employee stock ownership plan plans to subscribe for no more than 2.3 billion yuan. The second largest subscriber.
If this private placement acquisition is successful, Dong Mingzhu’s shareholding ratio will increase from the current 0.74% to 1.3%, rising from the tenth shareholder to the fourth, becoming Gree’s largest natural person shareholder, with controlling rights To reach the peak.
So Gree wants to transform into a car business. In fact, it is possible that Ms. Dong wants to guard against the barbarians at the door and is eager to increase her control. Unexpectedly, she has encountered opposition from small and medium-sized shareholders. It would be strange not to get angry!
Why do I have the greatest contribution but not the greatest say?
In 2003, Zhang Yongtao, the former general manager of Midea's Small Home Appliances Division, and Gree Group invested in a joint venture, namely Gree Small Home Appliances Company. Gree Group mainly invested in intangible assets such as brands, while Zhang invested in manpower and capital. Enjoy the right to use the Gree brand.
As members of the same group, Gree Small Appliances and Gree Electric Co., Ltd. both use the same trademark. They want to "leverage" their own promotion, but they are mercilessly slapped in the face by Gree Electric Appliances. A solemn statement was issued in the media to "draw a clear line" with other industries under the group. At that time, the chairman of Gree Electric was Zhu Jianghong and the general manager was Dong Mingzhu.
It is said that people from Gree Electric are generally unwilling to talk about their relationship with Gree Group, and they have repeatedly stated that they have "nothing to do with Gree Electric" regarding other industries under Gree Group.
Informed people analyzed that Gree Electric has always focused on air conditioners and may have objections to the group's use of the Gree brand in other product areas. Gree Group may also have objections to Gree Electric's tough wings. The relationship between the two will definitely not be harmonious.
Next, it depends on whether Sister Dong can hold back her anger and only take over the role of Gree Electric Appliances.