Yesterday, Gree Electric issued an announcement stating that Yinlong New Energy has completed the change of the shareholder register, the company has become a shareholder of Yinlong New Energy, and the transaction has been completed.Gree Electric bid for 30.47% of Yinlong New Energy’s equity by participating in the judicial auction and public bidding. At the same time, Dong Mingzhu entrusted the company to exercise the voting rights corresponding to the 17.46% equity of Yinlong New Energy held by him.
After the completion of this transaction, Gree Electric will hold 30.47% of Yinlong New Energy’s equity and control a total of 47.93% of Yinlong New Energy’s voting rights. Yinlong New Energy will become a controlling subsidiary of the listed company.
The starting price of Yinlong New Energy’s 30.47% equity is RMB 1,28,275,100.JingdongAccording to the relevant rules of the online judicial auction online platform, the final transaction price was RMB 1,828,275,100.
Gree Electric’s announcement shows that the company has recently received the “Concentration of Undertakings Anti-monopoly Review No Further Review Decision” (Anti-monopoly Review Decision  No. 637) issued by the State Administration for Market Supervision and agreed to the company’s implementation of concentration. The procedures for reviewing the concentration of undertakings for this transaction have been completed. Yinlong New Energy has completed the change of the shareholder register, the company has become a shareholder of Yinlong New Energy, and the transaction has been completed.