Take office! Kang Hong took over as the head of Gree Group

Mondo Finance Updated on 2024-02-20

Zhuhai Gree Group ushered in a new leader, and Kang Hong officially served as the secretary of the party committee and chairman of the group. Kang Hong, born in Sichuan in 1976, has a degree from Lingnan College of Sun Yat-sen University, served as deputy secretary-general of Zhuhai City, and held a number of important positions in Hengqin New Area. He also served as the deputy general manager of China Xiong'an Group's urban development investment in Xiong'an New Area, and participated in the construction of a number of provincial key projects.

At Gree Group, Kang Hong emphasized the importance of safe production, and conducted a survey of the projects under construction before the Spring Festival, expressing his gratitude to the builders for their efforts. His new appointment is believed to be able to leverage his experience in park construction, area development and industrial investment attraction to play a greater role for Gree Group in the development of Zhuhai's industry.

Since its establishment in 1985, Gree Group has become an important platform for state-owned capital investment and operation in Zhuhai. Since the launch of the "Second Venture" in 2016, the Group has formed a comprehensive development model with scientific and technological innovation as the core. As of the end of 2023, the Group's total assets exceeded 113.2 billion yuan, and the owner's equity exceeded 48.3 billion yuan. Gree Group is the controlling shareholder of Gree Electric Appliances, but since 2006, the group has gradually reduced its shareholding in Gree Electric Appliances. In 2019, Gree Group and Zhuhai Mingjun reached a share transfer agreement, and Gree Electric became an enterprise without a controlling shareholder and actual controller. As of the end of the third quarter of 2023, Gree Group held 344%, becoming the fourth largest shareholder. As of February 8, 2024, the total market value of Gree Electric is 203.5 billion yuan.

At the same time, other state-owned enterprises in Zhuhai have also ushered in new leadership. The new party secretary and chairman of Zhuhai Water Environment Holding Group is Wang Zicheng, who previously served as a temporary party committee member and deputy leader of the preparatory group of Hezhou New Area. The new general manager of Zhuhai Communications Holding Group is Chen Shaoxing, who was a member of the party group and deputy director of the Zhuhai Transportation Bureau. Zhuhai Communications Holding Group*** is an integration of Zhuhai Communications Group, Zhuhai Port Group and Aerotropolis Group, aiming to strengthen the supporting role of municipal enterprises in the field of transportation and logistics in Zhuhai.

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