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Is the acquisition of a failed insurance company a hindrance?
Dong Mingzhu has always been determined to win over Yinlong.
In March 2016, Gree Electric announced its plan to acquire a new energy vehicle company through the issuance of shares; On November 1st, the official account of "Dong Mingzhu Self Media" even congratulated Gree Yinlong on their successful hand in hand. However, soon after, this 9-month "eye to eye" ended with regret: Gree Electric terminated its acquisition of Zhuhai Yinlong.
When the shareholders expressed their opinions that day, over 99.9% of us passed the bid on-site. Although everyone thought the price was a bit high and not very satisfied, they still recognized the technology. "Dong Mingzhu pointed out on the forum that the reason for the failure of Gree Electric's acquisition was not due to the dissent of minority shareholders, but rather" it should not be raised by raising the board
According to the acquisition plan, Gree Electric intends to raise supporting funds of no more than 9.7 billion yuan through a non-public offering of shares at a price of 15.57 yuan per share. Among them, Dong Mingzhu personally contributed 937 million yuan, and after the completion of the additional issuance, his personal shareholding ratio increased to 1.3%, surpassing Qianhai Life to become the fourth largest shareholder of the company at that time. From the sudden frequent listing and shareholding of Qianhai Life, which was once close to 5%, it can be seen that, It seems reasonable for a person close to Gree Electric to say that "insurance companies are interfering in it" and disrupt the acquisition plan.
However, in the eyes of many industry insiders, this may also prevent Gree Electric from falling into a prolonged battle - for such a home appliance company, the entry line of new energy vehicles is too long; But for Dong Mingzhu, this is the true future of the company, and she has since stated on multiple occasions that "we must build new energy vehicles".
Now, as an individual investor, Dong Mingzhu is taking over the dream of "building cars", paving the way for possible future acquisitions of Gree Electric Appliances? Or finding a new career starting point for oneself? Now it seems that the latter is more likely.
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