Caixin
Oct 31, 2016 06:51 PM
BUSINESS

Gree Chairwoman Blasts Small Shareholders in Online Video

(Beijing) — The chairwoman of a major appliance maker has bashed her company’s small investors for rejecting part of a 22.7 billion yuan ($3.35 billion) deal that intended to diversify the company’s income streams amid slow sales growth.

“Which listed companies pay investors a cash dividend [as much as Gree’s]? … The more Gree gives you, the more gleeful you become, the more talkative you become,” said a furious Dong Mingzhu, chairwoman of Gree Electric Appliances Inc., during an extraordinary general meeting in Zhuhai, Guangdong province, on Friday.

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