What's the point of betting a dollar? If you want to bet, let's bet a billion dollars!
It is such a simple conversation that makes the image of Dong Mingzhu jump off the page.
Since Zhang Lei entered the picture with Gao Ting, many people are more concerned about the future development of Gree Electric in the stock market. However, to understand a company really need to start from all aspects. Today, let's talk about Dong Mingzhu from another few stories.
In 1990, Dong Mingzhu became a salesman of Gree, Dong Mingzhu accompanied Gree from one victory to another, from a small factory to develop into a giant with more than 200 billion in revenue, which can be called one of the best entrepreneurs today. However, no one can guarantee to always win the war, Dong Mingzhu can not.
Dong Mingzhu has a few over a few famous Waterloo.
In 2015, because of the bet with Lei Jun in front, Dong Mingzhu announced Gree to do cell phones, threatening to destroy millet in minutes. Soon after the first generation of Gree cell phone came out, Dong Mingzhu insisted on setting up a personal photo as the system built-in boot animation. In an interview, she said that the boot screen put her photo is to express respect for consumers. However, the reality educated Ms. Dong severely. In addition to the mandatory purchase for internal staff, the market sales results did not break through the triple digits.
Not coincidentally, the big mess Gree Auto, so that the tough Dong Mingzhu again hit the iron plate. 2016 August 18, Gree announced a 13 billion yuan acquisition of 100% stake in Yinlong New Energy and the related directional issuance of the program, in the media meeting, Dong Mingzhu openly declared that Zhuhai Yinlong is Gree Auto. This time, never follow the decision of Dong Mingzhu shareholders have voted against, Dong Mingzhu fire, she loudly reminded investors: "You see which of the listed companies so give you dividends? I don't give you dividends for 5 years, what can you do to me?" Soon after, Gree Electric issued a termination of the acquisition announcement. Dong Mingzhu personal with Dalian Wanda Group and other four parties and Zhuhai Yinlong signed a capital increase agreement, *** with the same capital increase of 3 billion, access to Zhuhai Yinlong 22.388% of the shares. Among them, Dong Mingzhu personal investment of about 1 billion yuan. This initiative, I do not know whether there is more or less some fighting.
Toughness is Dong Mingzhu's character and her persona. At least in public, I haven't seen the Iron Lady go soft.
The face of Gree Electric's big boss, the State-owned Assets Supervision and Administration Commission (SASAC), Dong Mingzhu also blunt: Gree encountered difficulties when looking for the SASAC, the SASAC does not take care of it, so that we can solve the problem ourselves. But when it comes to the interests of the problem, the Zhuhai government hand stretched out a long time, what the government decision, the SASAC requirements, may come out of these. I am always ready to fight with them, must adhere to the principle. Otherwise, our industry is a fully competitive industry, to be swayed by the government, we may have long been crushed.
January 16, 2019, delayed seven months of Gree board of directors change ushered in the results: 65-year-old Dong Mingzhu was re-elected chairman of the board, will lead Gree into the next three years. But for Gree Gree, Dong Mingzhu gave Gree a big problem - how to balance after the enterprise is given a strong personal color? I'm afraid that success is also a storm cloud, and defeat is also a storm cloud.
In 2019, a thing that could affect Dong Mingzhu's career and Gree's future happened.
On April 8, 2019, Gree Electric issued an announcement that the company's controlling shareholder Gree Group intends to transfer 15% of the total share capital of Gree Electric held by Gree Group by agreement through the public solicitation of transferees. After the completion of this transfer, the company's controlling shareholder and actual controller may change, Gree Group will only retain 3.22% of the shares. This means that Dong Mingzhu, who has been working for Gree for nearly 40 years, may usher in a new boss.
Dong Mingzhu's toughness has caused dissatisfaction of the major shareholders? Is Dong Mingzhu informed?
At the investors' meeting in May 2020, Dong Mingzhu politely stated that she would eventually retire. What are the real considerations of the owners' decision to transfer their stake can only be answered by the owners.
In the six months after Gree announced the mixed reform, Dong Mingzhu most of the time is silent. Is Dong Mingzhu willing to do this?
In September 2020, Dong Mingzhu hand in hand with a group of Gree management to set up GZEN investment, a moment for people to think about. Is not Dong Mingzhu want to eat the 15% stake himself? Really do the master of Gree? At least, Dong Mingzhu through this investment company will Gree's management and their own tied together.
On August 12, 2020, Gree Electric issued an announcement that the Zhuhai State-owned Assets Supervision and Administration Commission has agreed in principle that the Gree Electric state-owned equity transfer project open call transferee program. The program puts forward, the transferee should be a single subject or concerted action person, the share transfer price should not be less than 44.17 yuan / share, calculated at this price, the total price will not be less than 39.857 billion yuan, and should be paid 6.3 billion yuan of deposits to the Gree Group by September 2nd. Nearly 40 billion dollars requires the transferee to have strong financial strength. Once the program is out, the chances of Dong Mingzhu and the management team to take over are greatly reduced.
On the evening of October 28, 2020, Gree Electric issued an announcement that Gree Group letter to the company, after the evaluation committee to participate in the public solicitation of the two intended transferees to carry out a comprehensive review, to determine the Zhuhai Mingjun Investment Partnership (limited partnership) as the final transferee.
Previously, High Tide Capital had already held 0.72% of the shares of Gree Electric, the eighth largest shareholder of Gree.
Since then, the top three shareholders of Gree Electric are Zhuhai Mingjun (Zhang Lei, 15.00% stake), Hebeijinghai Guarantee Investment Company Limited (Gree dealer system, 8.91% stake) and Gree Group (state-owned, 3.22% stake).
What is a strong combination? Or two tigers will be injured? At least, from the vision above, Dong Mingzhu and Gao Tiling's goal is the same - are practical through the industry, to create value.
Two days ago, I watched the live broadcast of Gree's Texas station, and the 66-year-old Dong Mingzhu still personally took command of the battlefield, just as the media evaluated her -- paving her own life for Gree.