Ex-chairman of Gree Real Estate claims he’s been set up and accuses local police in Shangrao of illegal conduct

Hillhouse Capital and Hopu Investment Management both paid an eye-watering 6.3 billion yuan to be in the running to buy a 15% stake from Gree’s government-backed parent

Gree Electric’s shares will be priced at no less than 44.17 yuan, making the deal worth at least 39.9 billion yuan

At least 25 investors plan to bid on a 15% stake in Gree Electric that its government-backed parents wants to sell

State-owned Gree Group’s pending deal to sell its stake would reduce the government’s power over the well-known appliance-maker