格力电器大股东拟减持不超过2%股权

Core Viewpoint - Gree Electric Appliances' major shareholder, Zhuhai Mingjun, plans to reduce its stake by up to 111.7 million shares, which is 2% of the total share capital after excluding repurchased shares, to repay bank loans. This reduction will not change the control of Gree Electric [3]. Group 1 - Zhuhai Mingjun currently holds 16.11% of Gree Electric, having acquired this stake during the mixed-ownership reform six years ago [3]. - The share reduction is set to occur within three months after 15 trading days and is subject to uncertainty [3]. - Gree Electric's stock price increased by 0.36% to 38.49 CNY per share, giving it a market capitalization of 215.6 billion CNY [3]. Group 2 - Zhuhai Mingjun has a background with Hillhouse Capital and is considered a concerted actor with Gree Electric's chairman, Dong Mingzhu [3]. - In January 2020, Zhuhai Mingjun committed to not transferring its shares in Gree Electric for three years following the acquisition [3].