Gree Group


Zhuhai GREE Group Co., Ltd. is a Chinese state-owned enterprise based in Zhuhai, Guangdong Province. The enterprise was owned and supervised by the State-owned Assets Supervision and Administration Commission of the Zhuhai Municipal People's Government.
GREE Group was the parent company of publicly traded companies GREE Electric and GREE Real Estate before they were transferred in the late 2010s.
WWW gree.cn

History

GREE Group was an investment vehicle of Zhuhai local government, which GREE Electric and GREE Real Estate were the notable assets of the company. However, in the past, multiple managers of the company were arrested for corruption.
The stake of GREE Real Estate that held by the group was transferred to another entity of Zhuhai Municipal People's Government in mid-2015. As at 31 December 2015, GREE Group owned just 18.22% stake of GREE Electric, but able to control their board of directors by nominating them for election. GREE Group and GREE Electric also shared the same chairwoman Dong Mingzhu until November 2016. She was replaced by Zhou Lewei. Zhou also became the Party Committee Secretary of the group, replacing Meng Xiangkai.
In December 2019, the group sold 15% shares of GREE Electric to a private equity fund for CN¥41.7 billion, only retaining 3.22%. The private equity fund became the largest shareholder of GREE Electric.

Subsidiaries

Current

  • Zhuhai Gree Electric Appliances Co., Ltd.
  • Zhuhai Gree New Technology Development Co., Ltd.
  • * Zhuhai Gree Meida Technology Co., Ltd.
  • * Zhuhai Ruideli Biotechnology Co., Ltd.
  • * Zhuhai Gree New Energy Technology Co., Ltd.
  • Zhuhai Jianan Group Co., Ltd.
  • Zhuhai Gree Island Investment Co., Ltd.
  • Zhuhai Gree Real Estate Co., Ltd.
  • * Zhuhai Gree Property Management Co., Ltd.
  • * Zhuhai Wangjiao Department Store Development Co., Ltd.
  • Zhuhai Gree Financial Investment Management Co., Ltd.
  • Zhuhai Gree Construction Investment Co., Ltd.
  • Zhuhai Xingge Investment Co., Ltd.
Source:

Former

Joint ventures

former
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