Gree Dong Mingzhu made a car ＂Dream Broken＂ to terminate the acquisition of Zhuhai Yinlong’s equity.

　 　 16 days after the acquisition plan was rejected, Gree gave up the acquisition of Zhuhai Yinlong. This result is unexpected to many people.

　　Even when rumors were flying, Dong Mingzhu, the chairman of the board, didn’t reveal the idea of "giving up making cars" at all. However, a sudden announcement made Gree "build a car" come to an abrupt end.

　　"Gree’s fundraising plan was previously rejected by minority shareholders at the shareholders’ meeting. Since then, Gree has indicated that it will change the plan, but its source of funds for the acquisition of Zhuhai Yinlong is inconclusive, which makes the acquisition very uncertain. However, this result is still a bit surprising. Gree’s attitude in building a car was very firm before. " The industry believes that.　

　 　On the evening of November 16th,gree electric appliancesThe announcement said that the company decided to stop planning to issue shares to purchase assets.

　　Gree Electric’s acquisition plan for Zhuhai Yinlong has been controversial since its birth. Three months ago, Gree Electric announced the acquisition plan, announcing the acquisition of 100% equity of Zhuhai Yinlong by issuing shares. After the acquisition, Zhuhai Yinlong will become a wholly-owned subsidiary of Gree Electric. However, the acquisition plan was "voted with their feet" by minority shareholders.

　　At the end of October, Gree’s overall plan to acquire Yinlong and raise funds was finally rejected at its extraordinary shareholders meeting. However, Gree did not disclose his willingness to give up the acquisition. Gree Electric issued an announcement, acknowledging that the proposal on the issue of shares to purchase assets was not passed as a whole, and said that it planned to continue to push forward the issue of shares to purchase assets, and reduce or cancel the matching raised funds. At that time, Gree insiders also said in an interview that they would continue the acquisition, but it would take time to adjust the plan.

　　It is reported that the optimized and adjusted plan will be resubmitted to the board of directors and shareholders’ meeting for deliberation, and the announcement date of the resolution of the board of directors will be taken as the benchmark date for issuance pricing.

　　After Gree’s acquisition plan was rejected, there was an episode in which Dong Mingzhu, the chairman of Gree Electric, changed his position at Gree Group level, causing a sensation in the industry. For a time, people in the industry speculated on the reasons why Miss Dong left the group. Some insiders believe that this may be related to Gree Electric’s acquisition of Zhuhai Yinlong.

　　However, judging from the current actions of Gree, "Miss Dong" gave up making cars in a short time.

　　But this does not mean that Gree does not need to find new profit growth points as soon as possible. Looking at Gree Electric’s annual reports in recent years, we can see that in 2015, Gree Electric’s performance continued to grow, and Gree Electric’s revenue and net profit decreased by 29% and 11% respectively, which was the first time that Gree Electric’s performance declined since its listing. In the first half of 2016, the decline in the company’s performance narrowed.

　　At the same time, "Miss Dong" has repeatedly revealed in public that the air-conditioning industry has entered a saturated stage, intelligence will enter a golden age in the next five years, and Gree has entered a diversified era. Today, Miss Dong enters Gree.intelligent automobileThe promotion of the field has been hindered by many obstacles.

　　"This does not mean that Gree will give up the diversified layout, and the smart industry is still Gree’s new layout direction and future profit growth point." Gree insiders said.

　　This may be another beginning for Gree.