On the evening of July 4, Gree Electric announced an announcement based on the confidence in the future development of Shanghai Highly Co., Ltd. (hereinafter referred to as 'Hai Li Shares') and its recognition of its value from April 23 to July 2018. On the 4th, through the concentrated exchange trading method of the stock exchange, the shares of Highly shares were increased by 43.32 million shares.
Up to now, Gree Electric holds 86.63 million shares of Highly Shares, accounting for 10% of its total share capital. Before this equity change, Gree Electric holds shares of High Roller Shares of 43.32 million shares, accounting for the total share capital of Highly Shares. 5%.
Gree Electric said in the announcement that this change in equity did not result in a change in the controlling shareholder or actual controller of Highly. In the next 12 months, Gree will consider whether to further increase its holdings according to market conditions.
On the same day, Highly shares also issued a noticeable announcement on changes in shareholders' equity. The announcement stated that Gree Electric's current equity changes are aimed at expanding its industrial chain structure and integrating industrial quality resources, with the help of Shanghai's international status talents, information and Innovative advantages, thus creating an international enterprise with a more complete industrial chain.
According to public information, Highly is the world's leading air conditioner compressor, motor and drive control, and R&D manufacturer of heating and cooling related products. It has 9 companies, forming the 'compressor, motor, drive control, cooling and heating association'. Related industry segment business, products in 165 countries and regions around the world. The company's main business is air-conditioning compressors, with an annual production capacity of 20 million units, accounting for 1/7 of the global market share, Highly shares in Shanghai, Nanchang, Mianyang, India has established five world-class green factories and established seven technical service centers in China, Europe, India, Japan, and the United States.
At the beginning of August 2017, Shanghai Electric (Group) Co., Ltd., the controlling shareholder of Highly Holdings, plans to transfer the total equity of the shares held by Highly Holdings, which is 175.13 million shares, in the form of public collection of the transferee, accounting for 20.22 of the total share capital of Highly. At that time, the industry was rumored that Haier intended to take over, but half a month later, Shanghai Electric (Group) Co., Ltd. announced the suspension of the equity transfer. Subsequently, Gree Electric held the shares of Highly, holding Heili shares through centralized bidding. 4.432 million shares, accounting for 5% of the total share capital of Highly.