After a lapse of 10 months, Gree Electric once again reached out to Haili shares (hereinafter referred to as Haili).
Recently, Gree announced that it has increased its holdings of Haili's 43.31 million shares by means of bidding. In September last year, Gree has already acquired 5% of Haili's equity.
After the second placard, Gree held 10% of the shares, approaching Hangzhou Fusheng Holdings, the second largest shareholder of Haili, which holds 10.18%. Haidian's largest shareholder, Shanghai Electric, currently holds 20.22%.
Regarding whether it will further increase its holdings and even seek the status of a major shareholder, Gree has not given a positive statement at present, which also leaves a huge imagination for the outside world.
However, it is worth noting that after a few days of announcement, Haili shares announced that it intends to issue new shares to the controlling shareholder Shanghai Electric, raising no more than 1 billion yuan. After the completion of the increase, Shanghai Electric’s shareholding ratio will be Further growth, but will not exceed 33.51%. In the face of Gree's strong placard, Haili's major shareholders seem to have begun to take measures.
Dong Mingzhu wants a double arrow
Based on the current market value of Highly, Gree would have to spend about 1 billion yuan if it wants to surpass Shanghai Electric's shareholding. However, this is not difficult for Gree, which holds a lot of cash. Gree Electric's quarterly report shows that during the reporting period. The net cash flow is 14.4 billion yuan. Initial calculations, currently placards twice, Gree has taken out 1 billion yuan of real money.
Liu Buchen, an observer in the home appliance industry, said: 'Gree's intention to acquire Haili is more obvious. It intends to strengthen the control of upstream air conditioning resources (compressors) and strengthen the layout of Gree's air-conditioning industry. Gree's acquisition of Highly should not stop there. '
In fact, the major shareholder Shanghai Electric has long been interested in selling the shares of Highly, but ultimately it is no longer.
This was seen by Dong Mingzhu, Chairman of Gree Electric Appliances Co., Ltd., who quickly led Gree to launch a round of acquisitions for Highly. After two months of placarding, He Mingzhu expressed his interest in the outside world. Optimistic. She said: 'Hai Li and we have more than ten years of feelings.' She believes that Haili will become a world leader in the field of air-conditioning compressors.
The industry believes that: 'Hai Li's performance has been fairly satisfactory, but as an upstream compressor company, lack of support from the downstream large-scale enterprises, so that its business scale is limited, has been difficult to open. After the entry of Gree, Highly The downstream has support, and Gree can also improve the air-conditioning industry chain and accelerate expansion. At the same time, Highly has a high market share in the air-conditioning and new energy vehicle compressors, and Dong Mingzhu intends to double-edged.
Shanghai Electric began to fight back?
Gree has just announced that it will further increase its holdings of Highly. The major shareholders of Highly have begun to take action and want to participate in Haili Dingzeng.
Although this issue will not lead to changes in the company's control, after the completion of the increase, Shanghai Electric's shareholding ratio will rise: not less than 20.22%, not more than 33.51%. Shanghai SASAC is the actual controller of the company.
Insiders said: 'From the plan to withdraw to plan to further strengthen control, the attitude of the actual controller of the company has changed. At present, in the face of Gree's 'knocking', the company's major shareholder has begun Counterattack. '