Sons competing Glanz For investors to buy out Xu Rong Gree Electric Appliance.docVIP

 PAGE \* MERGEFORMAT 10 ‘Sons’ competing Glanz For investors to buy out Xu Rong Gree Electric Appliance Zhuhai Gree Group Chairman Xu Rong after the departure of its parent company Gree Gree Electric Appliance Group, the contradictions surfaced, but more impressive is that Glanz and other domestic and overseas capital to the acquisition of Gree Electric Appliance intentions. Glanz, if the merger a success Gree Electric Appliance, China’s air-conditioning industry will be re-layout. Xu Rong leave behind 2004 Spring Festival eve of the holding side Gree Gree Electric Appliance Group chairman Xu Rong was transferred to a state-owned enterprises in Zhuhai appointed party secretary  by the Zhuhai Gree new chairman, the Secretary Guo Yi Guo Ziju concurrently. Xu Rong’s departure has been Gree within the group that for two reasons: First, Xu Rong and Gree Electric chairman Zhu Jianghong tension, and this is Gree Gree Electric Appliance Group and the escalating conflict over the years, reflected; 2 Xu’s true identity is the management of state-owned assets watchdog, state-owned enterprises to see their families. Gree Electric Appliances, a subsidiary of long-established extra accounts, set up a ‘small treasuries’, and eventually developed into two burning small treasuries, and lead to China Construction Bank in Zhuhai Gree Electrical Appliances of Guoyi funds are unaccounted for. In this regard, Xu Rong itself should bear a certain responsibility. The ‘establishment of extra accounts, setting up small treasuries and even burning books’ has also been speculation that as the Zhuhai Gree Electric Appliance and even the municipal government eager to Gree Group Holdings one of the reasons the right to change hands. Gree Electric Appliance Group, certain officers of some people ‘are pretty idle, wages exceedingly high, do whatever they like’ extremely dissatisfied with the situation. In 1991, Zhu Jianghong as the combined Zhuhai Gree Electric Appliance Co., Ltd., when