Gree Electric denies negotiation Shandong duckling – Gree Electric duckling – HC
Secretaries to directorate Wang Jing, 17, told the East China Securities News, an interview, denied that the company wants to acquire Shandong Little Duck Group.
Earlier reports said the intention to purchase second-line Gree
Refrigerator , Washing machine White goods brand, and accompanied by officials inspected the SAC Jinan, Shandong Xiaoya Electric Group. Industry researchers believe that the current situation analysis may come out from the Gree Group, the acquisition, it can avoid risks to listed companies, if all goes well, the conditions are not excluded when injected into the listed companies.
Diversification strategy away Media reports, Gree Group, since the end of last year to begin planning an acquisition target is a nationwide more than second-line refrigerators, washing machines and other white goods categories the brand, the latest acquisition target is aimed at the Shandong Electric duckling. It is reported that has been with the Little Duck Group, Gree Group, but have not yet reached a substantive agreement, the newly acquired brands will be retained for the time being will not load listed Gree.
Guotai Junan researchers said Wang Zhen, Gree Group acquired if the intention is true, then is very good on Gree may help Gree entered a new stage of development. "If true, this may be the first step Gree Diversification, ducklings can be seen as Gree Electric M & A to enter
White New areas of testing, we believe that the future is expected to accelerate the diversification and expansion Gree pace, and the company plenty of cash for the formation of a solid support future expansion. "
Latest data show that pre-September cumulative Gree sold 10.6 million units, up 32%, 37% market share, while China's domestic
Air conditioning Production accounts for 80% of the world, Gree air-conditioning industry is already the world's leading enterprises. Insiders believe that, Gree and Midea air conditioner market in total has more than 60% market share, has formed a high degree of
Monopoly Situation, the future may be limited room for growth, while the reference to the U.S. electrical power associated around the white variety of expansion, perhaps one of the development direction of Gree.
Appliances to the United States Fan Started, has to enter through the acquisition of air-conditioning, refrigerator, washing machine industry, through the acquisition of Little Swan expand the scale of its washing machines, electric industry in the form of white perfect layout.
Stakeholders believe that negotiation is hard to judge true or false, Shandong duckling, but some sub-industry leaders to find a new growth point for consideration, frequently "cross" the acquisition, integration of home appliances industry is entering its peak.
Duckling fund shortage Shandong Little Duck is the only one listed company delisting of the appliance has been out of the public eye for many years, the company is currently in a "bad money" situation?? Have orders, but the lack of working capital.
And air conditioning industry, the case of a high concentration of different brands, washing machine market is more dispersed. Haier, Little Swan among the top two, Haier 64% market share, followed by 14% Little Swan, ranks third in the duckling was only 5.7%, and with the following Ruitian Sheng Da goldfish, Fu Mate, Meiling so not much difference.
1999 duckling in the domestic electrical appliances market, diversify into the red as blind in 2003, the Chinese heavy truck backdoor listing, buy a washing machine assets of listed companies. From July 2003, the Jinan municipal authorities have to duck the issue and re-
Greencool , CLP Corporation and many other enterprises in contact visits, the last of "ball," thrown to the Nanjing Sweet Group.
Starting in 2008, due to lack of funds, duckling production of washing machines,
Sell Almost limited to the cut-off semi-shutdown state, a very difficult position. But the state "home appliances to the countryside" policy to the duckling rebirth of hope. In 2008, the first national household appliances to the countryside bid, ducklings were declared six provinces of the 10 types of products, results of all successful, as successful models of washing machine industry, most of the manufacturers.
Duckling, a top executive, currently home appliances to the countryside are in abundance of orders, but due to lack of working capital, only lasted less than 10% of the capacity, if there are sufficient funds, only the appliances to the countryside in order to to allow the company back to life.
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