Some analysts believe that the huge amount of not less than 13.3 billion is more difficult for Dong Mingzhu and other management. It is unlikely that Dong Mingzhu will take over.
In early April, Gree Electric announced that its controlling shareholder Gree Group transferred a 15% stake in Gree Electric. Four months later, it finally disclosed the conditions for equity transfer. Affected by this news, Gree Electric’s share price has risen by 2.56%.
On the evening of August 12, controlling shareholderGree GroupNotice Gree Electric Appliances, Zhuhai SASAC has agreed to share the shares in principle Collect the plan of the transferee. Gree Group transferred about 920 million shares of Gree Electric Appliances, accounting for 15% of the total share capital, and the transfer price is not less than 44.17 yuan/share. The total price of this part of the equity transfer is not less than 39.857 billion yuan. The public collection period is 15 trading days, from August 13 to September 2, during which the intended transferee needs to submit the application materials to Gree Group and pays 6.3 billion to Gree Group. Yuan Renminbi.
At present, Gree Group holds 18.22% of the shares of the company Gree Group, which is the controlling shareholder, with 3.22% of the shares remaining after the transfer. In other words, after the transaction, the Gree Group real controller will change hands.
According to the transfer conditions announced by Gree, the transferee cannot purchase only part of the shares and needs to buy all of the above 15% of the shares. If the consortium of two legal entities is jointly used as the intention transferee, the proportion of each subject purchase cannot be less than 5% of the company’s total share capital, and each party needs to pay at least about 13.3 billion yuan.
This move is intended to maintain the stability of Gree’s equity. Gree’s shares are relatively scattered. If more than three companies or institutions are allowed as transferees, the equity will be more dispersed.
In addition, the announcement also requires that the transferee must commit to maintain the independence of the listed company,committed to maintain the stability of the listed company management team,Afraid to compete with listed companies or competitive investment behavior.
In addition, the intention of the transferee to protect the relevant interests of Zhuhai City, during the period of becoming a shareholder of the listed company, promised not to propose or oppose any proposal to change the place of registration of the listed company.
13.3 billion is already a big number. Another According to Caixin’s informed sources, has an institutional offer premium of more than 30% over the average of 45.67 yuan/share. Sorghum Capital and Hopu Investment are particularly interested in the equity of the Gree Electric Appliances.And has already got in touch with the Zhuhai SASAC.
On May 22 this year, Gree Group held a meeting of interested investors, TotalBaidu, Hopu Investment, Gaochun Capital, Bo Yu Capital and other 25 institutions participated.
Gree’s management and its distributors headed by Dong Mingzhu can also compete. Whether Dong Mingzhu and other management can become equity transferees is also a topic of great concern to the market.
But according to Liu Buchen, an analyst of the home appliance industry, the huge amount of not less than 13 billion yuan is expected to be difficult for Dong Mingzhu and his concerted parties. Not very sexual.
The header image is from Gree’s official website