Miss Dong’s dream of taking Gree into the car was shattered, and Gree stopped planning to issue shares to collect Zhuhai Yinlong.

Update on November 16th: Gree Electric announced today that the company received a written notification letter from Zhuhai Yinlong on November 16th, 2016, and was told that the adjusted trading plan was not approved by the shareholders’ meeting of Zhuhai Yinlong, and Zhuhai Yinlong decided to terminate the transaction based on the voting results. In view of this, the company decided to stop planning to issue shares to purchase assets.

So how did Miss Dong think about it three months ago?

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Persuaded Wang Jianlin to advertise, challenged the Japanese rice cooker under the "artisan spirit", and gambled with Lei Jun’s 1 billion and angered the "Miss Dong" Dong Mingzhu who broke Gree’s mobile phone yesterday (August 18th) announced:Gree enters the automobile industry.!

According to China Securities Network, Gree Company issued 35 announcements last night after half a year of suspension, occupying the "bulletin board" of Shenzhen Stock Exchange. In addition to the fixed increase, employee stock ownership and interim report, the most interesting thing is the acquisition of Zhuhai Yinlong for 13 billion yuan.

"Gree Electric plans to issue 835 million shares to all 21 shareholders, including Sunshine Life Insurance, Beiba Media and Zhongyeda New Energy, to purchase 100% equity of Zhuhai Yinlong held by the above-mentioned objects at an issue price of 15.57 yuan/share. In terms of valuation, taking December 31, 2015 as the benchmark date, Zhuhai Yinlong’s book net assets were 3.878 billion yuan, with an estimated value of 12.966 billion yuan, with an appreciation rate of 234.37%. On this basis, since Zhuhai Yinlong received an investment of RMB 90 million from shareholders after the benchmark date, the total equity value of its shareholders increased to RMB 13.056 billion. "

Gree’s explanation for the acquisition is:Yinlong has mastered the core technology of lithium titanate battery. The acquisition of Yinlong can help Gree enter the field of electric vehicles and energy storage, and the company’s profitability will be improved..

What kind of company is Zhuhai Yinlong after Miss Dong?

According to official website, Yinlong New Energy, the core of Yinlong New Energy is the new energy industry. The company was industrialized in 2009,In 2010, Yinlong acquired a 53.6% stake in the American listed company Aoti Nano.Become the largest shareholder of Aoti Nano. Through the acquisition of Aoti Nano, we also mastered the production technology of titanium and lithium materials.In 2012, Yinlong acquired Zhuhai Guangtong Automobile., master vehicle manufacturing, batteries, motors, electronic control and charging equipment and other technologies.

Yinlong New Energy has established a lithium battery material as the core toLithium battery, electric vehicle powertrain, vehicle manufacturing, smart grid energy storage system.R&D, production, sales, as one of the new energy closed cycle industrial chain.

Why did "online celebrity" Dong Mingzhu enter the field of electric vehicles with mobile phones and rice cookers?

The electric bus is the tuyere.

Once upon a time, the "cuttlefish" bus became the epitome of many urban buses in China. After off the charts on January 14th, 2013, people’s requirements for energy conservation, emission reduction and environmental protection are getting higher and higher. The "cuttlefish" bus in the city has also attracted attention. With the appearance of electric bus, many cities have found new ways to save energy, reduce emissions and protect the environment. In this context, domestic automobile manufacturers have made great efforts to develop and manufacture electric buses, including BYD, Futian, Yutong and other companies’ products, which have been officially applied, and BYD’s products are also exported to the UK.

Bus is very important in China’s public transport system.According to the data of 2015, the total number of urban buses in China exceeds 500,000, which takes on 60% of urban passenger transport. According to the data of China Automobile Association, in 2015, 340,500 new energy vehicles were produced and 331,100 vehicles were sold, with buses accounting for 17%.Therefore, there is a great market for electric buses.

Zhuhai Yinlong official website shows that by the end of 2015,The company has an annual output of 33,000 pure electric buses, 100,000 sports multi-functional electric vehicles, 620 million ampere-hours of batteries, 5,000 tons of raw materials for lithium titanate batteries and 800MW of energy storage. In 2015, Zhuhai Yinlong achieved 7000 sales orders for new energy vehicles, with a total output value of 10 billion yuan. Among them, 3,189 pure electric buses were produced, and the annual sales volume of pure electric buses ranked seventh in China..

The huge market and excellent technology of Zhuhai Yinlong are the first reasons to promote Gree’s acquisition.

Gree seeks multi-channel transformation

Gree, which started with the production of white goods such as air conditioners, has been very active in the past two years, launching a series of non-white goods such as rice cookers and mobile phones. In May, Dong Mingzhu revealed that Gree’s goal in the future is to build a family-centered energy management system. Gree’s transformation is survival and forced, and the air-conditioning market has shrunk. Gree wants to achieve the goal of 200 billion yuan in five years, and air conditioning alone is far from enough. Although electric buses have been produced by many manufacturers, they are still in the initial stage. Therefore, there is still a lot of room for Gree to acquire mature companies and use Gree’s brand influence for marketing.

In addition to the acquisition of Yinlong, Dong Mingzhu also took this opportunity to carry out the work of employee stock ownership, which is helpful for Gree to retain talents. Dong Mingzhu has expressed his dissatisfaction with his peers’ poaching behavior many times before, and the employees got more real money this time, which stabilized the team’s mood.

According to China Entrepreneur Magazine, Gree took this opportunity to successfully "kill" the barbarian.Dong Mingzhu became the fourth largest shareholder with a shareholding ratio of 1.3%.Who was the original fourth largest shareholder? Qianhai Life Insurance, you know.

When I was a Mercedes-Benz driverless bus, I wrote that Yutong’s driverless bus has been successfully tested on the road. Do you think that in a few days, Sister Dong will announce her entry into the field of driverless buses?