Stake sale to benefit Gree Electric

Parent set to divest 15% holdings in Zhuhai-based appliances giant

An ownership shake-up in Zhuhai, Guangdong province-based Chinese appliances giant Gree Electric Appliances Inc will not only boost its market competitiveness, but help it to effectively diversify operations in the future, an industry expert said on Tuesday.

"Introduction of strategic investors will help optimize the company's ownership structure and boost its strength amid fierce competition in the air conditioner and home appliances sector," said Liu Buchen, an independent researcher on the home appliances sector.