Home>News Center>China
       
 

Hisense grabs Kelon in white-hot bidding war
By Hu Yuanyuan (China Daily)
Updated: 2005-09-12 05:44

Hisense, one of China's leading white goods manufacturers, has signed an agreement with Kelon's chairman, and bought a 26.43 per cent stake at the cost of 900 million yuan (US$111 million), Xinhua News agency has reported, citing a top managerial source.

Hisense, one of China's leading white goods manufacturers, has signed an agreement with Kelon's chairman, and bought a 26.43 per cent stake at the cost of 900 million yuan (US$111 million). [newsphoto]
Gu Chujun, the chairman of Beijing-based Greencool, as well as Guangdong Kelon Electrical Holdings Co, agreed to transfer Greencool's stake in Kelon to Hisense on Friday, the top manager disclosed.

Despite corporate scandals, dubious dealings, plunging sales and millions reportedly embezzled, a number of investors lined up to take control of crisis-ridden Kelon, the renowned maker of refrigerators and air-conditioners.

A dozen leading electrical appliance firms from home and abroad including Hisense, Midea and Electrolux have been queuing up to take over Kelon. Hisense finally won out.

"It is really a good buy," said Dong Chen, an analyst with China Securities. "Its brand name and marketing channels are particularly attractive to potential buyers, especially in the electrical appliance industry, where competition is red-hot."

More importantly, Kelon fell into dire straits not because of its product line or marketing skills but because of its controversial chairman, Gu Chujun, who was detained in early August on suspicion of economic scandals. Five of its senior executives are also being held.

Dong says: "Kelon is a good company, but it chose a bad investor."
Page: 12



Typhoon batters Zhejiang
Hu arrives in Mexico for state visit
US Pacific Command Commander in Zhanjiang
  Today's Top News     Top China News
 

East coast provinces battered by Typhoon Khanun

 

   
 

President Hu arrives in Mexico for visit

 

   
 

Shenzhou VI flight 'after October holiday'

 

   
 

EU warns of new China textile 'disaster'

 

   
 

Oil prices eating away at Chinese economy

 

   
 

Britain opens Chinese workers drowning case

 

   
  Oil prices eating away at Chinese economy
   
  Britain opens Chinese workers drowning case
   
  EU warns of new China textile 'disaster'
   
  India and China to reopen direct trade links
   
  President Hu arrives in Mexico for visit
   
  Shenzhou VI flight 'after October holiday'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国偷自产AV一区二区三区| 日韩中文字幕免费| 午夜精品久久久久久毛片| 黄页网站免费在线观看| 欧美精品v国产精品v日韩精品| 啦啦啦在线免费观看| 黄人成a动漫片免费网站| 国产精品国产色综合色| 99热免费精品| 娜露温泉无删减视频在线看| 亚洲成av人影片在线观看| 男生女生一起差差差视频| 国产男女在线观看| 99久久无色码中文字幕| 婷婷无套内射影院| 丰满人妻一区二区三区视频| 日韩国产精品欧美一区二区| 亚洲人成亚洲人成在线观看 | 美国式禁忌在完整有限中字| 国产午夜福利久久精品| www.羞羞视频| 国产精品国产三级国产AV′ | 天天做天天摸天天爽天天爱| 一本色道久久88综合日韩精品| 成年性羞羞视频免费观看无限| 久久99国产精品久久99果冻传媒 | 五月婷婷在线免费观看| 欧美亚洲国产视频| 亚洲成a人一区二区三区| 欧美黑人性暴力猛交喷水| 亚洲资源最新版在线观看| 狠狠综合亚洲综合亚洲色| 伊人情人综合网| 狠狠色狠狠色综合日日不卡| 免费在线色视频| 秋霞免费手机理论视频在线观看| 动漫h肉yin文| 精品久久久久久久中文字幕| 免费观看欧美一级特黄| 精品久久久久久中文字幕人妻最新| 农村野战videossexjyzz|