Gree Electric Appliances: The largest shareholder, Zhuhai Mingjun, plans to reduce holdings by no more than 2% of the company's shares

2026-02-25 12:32:05

On February 25, Gree Electric Appliances (000651.SZ) announced that its largest shareholder, Zhuhai Mingjun Investment Partnership (Limited Partnership), plans to reduce its holdings by no more than 111.7028 million shares through block trades within three months after the disclosure date, representing 2% of the company’s total share capital excluding shares held in the repurchase account. The reason for the reduction is to repay bank loans. The shares originate from a transfer via agreement from Gree Group on January 23, 2020.

(Source: Daily Economic News)

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