Zhuhai Mingjun has completed the battle for 40 billion yuan of Gree Lis share rights for further development

 Zhuhai Mingjun has completed the battle for 40 billion yuan of Gree Lis share rights for further development

The announcement issued earlier by Gree Electric shows that Gree Electric Holding Shareholder Gree Group intends to transfer about 900 million shares of non-restricted corporate shares of Gree Electric Holdings through public solicitation of transferees, accounting for 15% of the total equity of Gree Electric Holdings, and the transfer price is not less than 44.17 yuan per share. According to this calculation, the share transfer price is about 39.753 billion yuan.

The associations filing information also shows that another partnership (limited partnership) intending to transfer Square Material Hood Equity Investment (Zhuhai) completed its filing in the association on August 1, 2019.

The two intentions of the transferee have completed the filing, which means that Gree Electric Share Competition further.

Gree Equity Competition: 13.2 Billion Money-grabbing Game

In mid-August, Gree Group announced that it would collect and transfer 900 million shares of Gree Electric Appliances to give up its position as a major shareholder. Transfer price, 44.17 yuan per share. The closing price of Gree Electric Appliances on September 6 is 58.87 yuan. It earns 13.2 billion yuan.

At the beginning, there were 25 intentional investors, including Houpu Investment, Baidu Netnews in Beijing, Temasek Holdings of Windsor Capital in Shenzhen - Temasek Investment Consulting (Shanghai) Co., Ltd. and Gaolu Capital. In the end, all corporate entities were excluded and only two partnerships were included. First, good character, second, Zhuhai Mingjun Investment Partnership.

Grees Equity Competition: When Gaolu Capitals Fund Files

New situations have arisen in Grees equity struggle.

Earlier, Gree Electric announced that during the public collection period of the transfer of shares, the two transferees who submitted the transferee application materials to Gree Group were: Zhuhai Mingjun Investment Partnership (Limited Partnership) under Gaolu Capital (hereinafter referred to as Zhuhai Mingjun) and Gewu Houde Investment Holdings under Houpu Capital (hereinafter referred to as Zhuhai Mingjun). (Zhuhai) Partnership (Limited Partnership) (hereinafter referred to as Gewu Hood) and GENESIS FINANCIALINVESTMENTCOMPANYLIMITED constitute a consortium, and both intended transferees have paid a deposit of 6.3 billion yuan.

This means that the ultimate buyer of Gree Electrics equity transfer of more than 40 billion yuan will be between Houpu capital and Gaolu capital.