** Disclosure that the former deputy secretary-general of Zhuhai City served as the chairman of Gree Group, which aroused the attention of many netizens to the attributes of Gree Group. Today, let's talk about the relationship between Gree Group and Gree Electric Appliances.
According to official information, Gree Group is a state-owned enterprise in Zhuhai.
What is a municipal enterprise? As the name suggests, it is a first-class enterprise directly under the city, which is under the supervision of the State-owned Assets Supervision and Administration Commission of Zhuhai City, and the former performs the responsibility of the investor on behalf of the city to supervise and manage the enterprise.
Zhuhai is a prefecture-level city, with administrative specifications at the department level, and the city's first-class departments at the department level. As a municipal state-owned enterprise, Gree Group has the same administrative level as the city's first constituent departmentAt the level of the Division。Its team members are included in the category of municipal management cadres like administrative institutions at the same level. Among them, the secretary of the party committee, the chairman of the board of directors and the deputy secretary of the party committee and the general manager are the first and second leaders of the enterprise. Although the members of the Gree Group team are corporate identities, because of the administrative level set by comparison, in accordance with the provisions of the "Civil Servant Law" and other documents, they can be transferred to administrative organs to take up leadership positions through transfer, etc., and in turn, the leaders of administrative organs can also be exchanged to state-owned enterprises due to work needs.
The reason why the deputy secretary-general of Zhuhai can directly serve as the chairman and secretary of the party committee of Gree Group is based on the special nature of Gree Group as a state-owned enterprise.
When the deputy secretary-general of Zhuhai City became the chairman of Gree Group, many people immediately remembered Dong Mingzhu, thinking that Gree Group had changed its commander, and Dong Mingzhu's identity as the head of the group was deprived. In fact, everyone confuses Gree Group with Gree Electric Appliances.
Gree Group and Gree Electric are not the same concept. Gree Group is a state-owned enterprise in Zhuhai, and was once the controlling shareholder of Gree Electric Appliances, and belongs to the superior of Gree Electric Appliances. However, since 2006, Gree Group has begun to reduce its shareholding in Gree Electric Appliances. In 2019, Gree Electric launched a mixed reform that lasted half a year, and Zhuhai Mingjun, a subsidiary of Hillhouse Capital, invested 416600 million yuan, acquired 15% of the equity of Gree Electric Appliances from Gree Group, and became the major shareholder of Gree Electric Appliances. Gree Group has changed from the original holding to the fourth largest shareholder of Gree Electric Appliances.
According to this logic, although Gree Group holds shares of Gree Electric Appliances and is nominally the superior of Gree Electric Appliances, in fact, from the perspective of equity structure, Gree Group does not participate in specific operations and has limited influence on Gree Electric's decision-making. Gree Electric is essentially a listed company with independent accounting and self-financing. It is not a fact that Dong Mingzhu, chairman and president of Gree Electric Appliances, has retired. In fact, Dong Mingzhu's current position has not changed, and he is still in charge of Gree Electric.