On the evening of December 2, Gree Electric announced that the company's controlling shareholder Gree Group signed a share transfer agreement with Zhuhai Mingjun, which agreed that Zhuhai Mingjun would accept 902 million shares of Gree Electric held by Gree Group (accounting for 15% of Gree Electric's total share capital) at a price of 46.17 yuan / share,The total transfer price is 41.662 billion yuan。
In April this year, Gree Group, the largest controlling shareholder of Gree Electric, announced that it planned to transfer 15% of the total equity of Gree Electric held by Gree Group through an agreement by publicly soliciting the transferee, which attracted the attention of many investment institutions.
Finally, on October 28, Gree Group determined the buyer and Zhuhai Mingjun became the final transferee. The high-level capital behind it entered Gree as a strategic investor.
After selling 15% of Gree's equity,The shares of Gree Electric Appliances held by Gree Group, 100% controlled by Zhuhai SASAC, fell from 18.22% to 3.22%, no longer the largest shareholder, Gree Electric has become a private-owned company.