Chinese electronics manufacturer Hisense Group Holdings Co. is considering options for further development of its consumer electronics and home appliance divisions, including a possible merger. This is reported by foreign media.
Hisense includes 3 subsidiaries - Hisense Home Appliances Group Co., Ltd., Hisense Visual Technology Co., Ltd. and Hisense Intelligent Technology Group.
One option involves the acquisition of Hisense Visual Technology Co. by Hisense Home Appliances Group Co. Hisense Group holds controlling stakes of 30.1% and 37.3% in Hisense Visual and Hisense Home Appliances, respectively.
The market value of Hisense Visual is 35 billion yuan ($4.9 billion), and the market value of Hisense Home Appliances is $5.2 billion.
Hisense has engaged consultants to evaluate the proposed asset consolidation and registration of a new company in Hong Kong as part of a dual listing.
Hisense Group Co., Ltd. is a Chinese multinational manufacturer of household appliances and electronics with headquarters in Qingdao (China). The company is the third largest television brand in the world with a 14.3% share and the main brand in China. Hisense manufactures televisions, washing machines, refrigerators, air conditioners, etc.
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