Midea Group Introduces PE Investor 15.3% Equity Transfer Rongrui Dinghui (VC324)

Midea Group's controlling shareholder Midea Investment Holdings Co., Ltd. plans to transfer its 15.30% equity interest in Midea Group. The two transferees are Tianjin Rongrui Investment Advisory Partnership (Limited Partnership) and Tianjin Dinghui Jiatai Equity Investment Partnership (Limited Partnership).

Midea Electric issued a reminder announcement on the transfer of part of the equity of the controlling shareholder Midea Group on October 19. Midea Group's controlling shareholder Midea Investment Holdings Co., Ltd. plans to transfer its 15.30% equity interest in Midea Group. The two transferees are Tianjin Rongrui Investment Advisory Partnership (Limited Partnership) and Tianjin Dinghui Jiatai Equity Investment Partnership (Limited Partnership). After the equity transfer is completed, Rongrui Investment will hold 12.18% of Midea Group, CDH Jiatai will hold 3.12% of Midea Group, Midea Holdings will continue to hold 68.70% of Midea Group, and it will still belong to Midea Group. shareholder. The announcement did not disclose the transaction amount.

The background of the two transferees is well-known in the capital market. Among them, the controller of Rong Rui Investment is ICBC International Holdings Co., Ltd .; the controller of CDH Jiatai is CDH Equity Investment Management (Tianjin) Co., Ltd.

Midea's 2010 annual report shows that Midea Group founder He Xiangjian holds 94.55% of Midea's investment holding, Midea's investment holding holds 84% ​​of Midea's shares and Kailian Industrial's 30%. Midea Group stated that through partial equity transfer, Midea Group has formed a diversified shareholding structure in which shareholder shares such as founder shareholders and investors are jointly held, which helps to further promote the improvement of corporate governance and the transformation of the management and control model. At the same time, this move is also conducive to promoting the formation of a benign shareholding culture compatible with the diversified shareholding structure of Midea Group, the establishment of a company decision-making and management system based on the combination of marketization, institutionalization, and science, and the establishment of a more in line with modern corporate governance Operating system and sustainable operating mechanism.

Midea Group's director and vice president and press spokesman Huang Xiaoming said that while improving the overall governance level, Midea Group will promote the company's business strategy transformation and internationalization process with a higher vision and a longer-term perspective, and strengthen the core of the entire Midea Group Competitiveness and enhancing long-term strategic value.

On the same day, Little Swan A also released the announcement of the equity transfer of Midea Group. Midea Holding holds a 34.2% stake in Little Swan and is its largest shareholder.

The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting.

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