Gree seals US$2.9b supply deal
Print Edition
GREE Electric Appliance plans to sign a procurement agreement with Zhuhai Yinlong New Energy to buy services and products worth up to 20 billion yuan (US$2.9 billion) annually, Shenzhen-listed Gree said yesterday.
Both parties will sign the preferential procurement deal for products and services such as intelligent equipment, molds and vehicle air-conditioners valued at 20 billion yuan in the next 12 months, Gree said.
The deal offers Gree a channel to enter the vehicle air-conditioner and related markets, analysts said.
Last year, Gree sought to buy Yinlong for 13 billion yuan, but the planned purchase failed to get shareholders’ approval.
In December, Yinlong raised about 3 billion yuan from investors, including Gree’s Chairwoman Dong Mingzhu, who personally invested 1 billion yuan in Yinlong for a 7.5 percent stake.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
