Gree Electric confirms purchase of high-end refrigerator maker

Gree Electric, a Chinese major appliance manufacturer, has confirmed it has fully acquired Hefei Jinghong Electric, adding the refrigerator-manufacturing business to its vast portfolio, The Paper reported. Gree Electric chose to handle the acquisition in a low-key manner, neither explaining the reasons nor disclosing the amount of the transaction. Jinghong Electric’s annual refrigerator sales are […]