From the acquisition to the reorganization, then blocked

Hisense Kelon can be said to embrace the process of twists and turns. However, among the white leader bent on Hisense Corps of this reorganization is still confidence in the

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2009 17 7 , ST Kelon (000921, SZ) board finally adopted the “Hisense Kelon Electrical Co., Ltd. non-public offering to buy the assets of motion”, which means twists and turns of Haixin Group Kelon’s restructuring will enter the general meeting of shareholders and regulatory review stage. This is the third time Hisense has introduced similar plans.

Although each had Hisense Kelon’s restructuring moves are thunder, little rain, and all ended in failure or suspension, but the actions of the two companies have not stopped, their action is still firm.

That the acquisition of a beautiful

2005 9 months to complete china’s Hisense Group

Home Appliances The history of the most high-profile acquisitions. Guangdong Kelon was 26.43% of the shares will be transferred to Hisense, sale price of 680 million yuan.

This acquisition makes Hisense became China’s electrical industry relay Gree, Midea, Haier another after the Big Mac, but at the time of the Hisense

Boss A motion is concerned, the difficulties before us is still very significant.

Hisense Group enters Kelon when the latter’s total current liabilities of up to 60 billion yuan, including 23 billion yuan of bank loans and 24 million vendor debt. Obviously, after the then director of a long-Kelon

Gu Chujun After a series of capital maneuvers, leaving Qingdao companies deep into debt crisis is a mess, complicated debt problems also change so has sustained losses Kelon post, not only in the stock market put on the ST hat, also faced delisting of risk.

Fortunately, after a year of hard work, Kelon finally turn around in 2006, protecting that success. In 2007, the first three quarters

Sell In excess of the annual total sales in 2006. Meanwhile, the company’s bank, the supplier’s liability has been significantly reduced, management quality improved significantly. In the meantime, Guangdong Kelong

shenzhen Exchange and the Hong Kong Stock Exchange listed company name by the original “Guangdong Kelon” official changed to “Hisense Kelon.”

However, the normal operation of up ST Kelon, but some problems still exist. According to ”

IT Time magazine, “understanding, Hisense Kelon’s shares after the acquisition of ST, in white at the same time have a Hisense

Air conditioning , Hisense refrigerator, Kelon air conditioners, refrigerators and Hisense washing machine sound capacity of five competitive products, industry competition and the increasing marketing costs and other issues can not be ignored. So how will the reorganization ST Kelon A motion, once the industry concern.

Early as 2005, Hisense Kelon air after the acquisition, A motion on the proposed reorganization of both white vision. If the successful completion of the reorganization, Hisense Hisense Group, air conditioning and electricity assets will be fully into the white ST Kelon, in a sense, a white to achieve the overall market.

Once, Hisense Group acquired 26.43% stake in Guangdong Kelon, China’s home appliance industry mergers and acquisitions hit the most amount. Today, Hisense and Kelon’s restructuring plan also ST staged a grand, even though the long process ahead of some momentum.

Today’s restructuring ST Hisense Kelon’s restructuring plan and dates back to 2007.

Year in November, ST Kelon’s board of directors adopted the “private placement of shares on acquisition of assets of the program’s motion” and other motion, to be 2.541 billion yuan through a private placement financing for the purchase of assets to the Hisense air conditioning, but ” overvalued “and other reasons, things have not gone smoothly, the Commission did not pass the program. Second year in May, ST Hisense Kelon air conditioning re-negotiations with revised trading program, but because of the macroeconomic situation was sluggish, and development of the industry’s uncertain, leading to the basic conditions for the transaction has undergone major changes, the final transaction once again stranded.