Whirlpool China acquires Hefei Rongshida Sanyo Electric

[PConline Information] Whirlpool (China) Investment Co., Ltd. (hereinafter referred to as “Acquirer” or “whirlpool China”) is an investment company organized by a wholly foreign-owned foreign investment company established by Whirlpool Corporation (hereinafter referred to as “whirlpool group”) in Pudong New Area of ​​Shanghai. . Whirlpool Group is currently the world's leading white goods manufacturer and sales company. Whirlpool Group was founded in 1955. Its predecessor was Upton Machine Company, which was established in 1911. The Whirlpool Group is headquartered in Michigan, the United States, and its scope of business. In more than 170 countries and regions around the world, the main products include washing machines, dryers, microwave ovens, refrigerators, air conditioners, cookers, range hoods, dishwashers and household kitchen garbage disposal machines.

Based on the good expectations for the development of the white goods market in China and further emphasis on its business in China, Whirlpool China hopes to acquire Hefei Rongshida Sanyo Electric Co., Ltd. (hereinafter referred to as "listed company" or "Hefei") by way of an agreement to transfer and subscribe for non-publicly issued shares. Sanyo ") 51.00% of the shares (hereinafter referred to as "this transaction" or "this acquisition"). The Whirlpool Group and Whirlpool China believe that the successful implementation of this transaction will help deepen the cooperation with Hefei Sanyo, promote the Whirlpool Group's development in the white goods market in China, and further enhance the company's value and investment in public shareholders. Return.

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