Hisense Kelon Finalized Reorganization Of Resource Integration Test Executive Team

March 26 evening bulletin said the China Securities Regulatory Commission received approval

, approval of the company to 3.42 yuan per share, Qingdao Hisense Air Conditioning Co., Ltd. issued approximately 362 million shares, to total 1.238 billion yuan acquisition of Hisense's white air-conditioning Home Appliances Assets. Thus, for nearly three years time, Hisense Kelon matter settled restructuring.

Completion of the transaction, Hisense Hisense Kelon's shares held by air from 25.22% to 45.35% raise, Hisense Group, air conditioning, Refrigerator All white goods and other assets into Hisense Kelon, Hisense Air Conditioning completely resolved, Hisense Group and Hisense Kelon competition between peers. Hisense Kelon Officer of a small day yesterday (March 29) interview that the new injection of Hisense White Hisense Kelon's assets to expand sales volume and improve the profitability of enterprises will have a significant role.

Enhanced voice market bargaining

Announcement shows that since December 2006 Air Conditioning Co., Ltd. Qingdao Hisense Hisense Kelon to become the majority shareholder, the parent company of Hisense Kelon purchase of assets of white settlement with the competition, and strong to do large white power industry has been the subject concern. According to reports, in accordance with the approved restructuring plan, the parent company Hisense Hisense Kelon to buy white air assets, including 100% equity interest in Shandong Hisense, Hisense Zhejiang 51% stake in Hisense 55% stake in Beijing (Beijing Hisense Hisense holds 60% stake in Nanjing), Hisense, Hitachi 49% equity, 78.7% stake in Hisense Mould and Hisense Marketing White goods marketing assets. After completion of the transaction, Hisense Air Conditioning, due to the asset holdings of subscription and Hisense Kelon 362 048 187 shares of A shares, resulting in total shares held by Hisense Kelon 612 221 909 A shares. Hisense white

in assets, the most familiar is the Hisense air conditioners, refrigerators and Hisense Hisense Hitachi central air conditioning. Hisense core business for many years as the white business, the assets of these three R & D level, market size, profitability, brand influence, or are rated as good. Hisense Air China Inverter air conditioner Standard lead-makers, so far has won 13 consecutive national championship inverter air conditioner sales; Hisense refrigerator positioned to do, "Siemens in China" products in the industry five years of strong sales, particularly in large volume multi-door mainly high-end refrigerators refrigerator market, its production and sales posted the first three sectors; Hisense Hitachi developed by the central air-conditioning inverter multi air conditioning market share, retaining its position as the first two strong industry. Hisense Kelon President

small days, said Zhou. Hisense Kelon restructuring transaction is completed, the new assets into the white Hisense Hisense Kelon's sales for expanding and increasing the profitability of enterprises will have a significant role. In refrigerators, air conditioners, for example, in accordance with the completion of the transaction Hounaruhai letter Kelon unified platform basis, last year, Hisense refrigerator and allow the sound of the refrigerator market share and 14.47%, the highest in the first two strong industry; Hisense Kelon air-conditioning and air-conditioning market and the share of 8.23%, among the top four industries, Hisense Kelon and Gree, Midea, Haier air conditioning industry composition of the "Legend."

Resource integration test of executive team

Because of competition from Hisense Hisense Kelon and white plate before the existence of a set of their independent financial system, both in raw material procurement, manufacturing, marketing and so on are separate operations, particularly with regard to related party transactions time to go through layers of approval to work, these factors greatly increased the company's operating costs, improve operational efficiency restricted.

Weeks small day that completion of the transaction, Hisense Group, air conditioners, refrigerators and other white goods business will be fully operating system in the Hisense Kelon, Hisense Air Conditioning completely solved, Hisense Group and Hisense Kelon competition between peers. Hisense Kelon white not only production and sales leaped to the forefront of the industry, but also can significantly reduce the company's procurement costs, management costs, transportation costs, nuclear fusion synergies will be fully displayed.

Had to rely on in the refrigerator, air conditioner market leading position, together with Whirlpool Venture into the washing machine, a subsidiary of Hisense Kelon refrigerator, air conditioner, washing machine sales has Haier University, the U.S. Department of the composition of China's top three white-power industry. Industry analysts pointed out that the white Hisense Kelon integrated resources to enhance efficiency, Hisense Kelon executives will be the primary problem. Hisense Kelon according to the development of integrated strategic planning, three to five years later, its market share to reach the domestic refrigerator first, the global two-; air conditioning to ensure that the location of the first three sectors, a white country and global industry leader.

Hisense Kelon Finalized Reorganization Of Resource Integration Test Executive Team

By: gfgn

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