Hisense Kelon

Kelon

Native name	海信科龙电器股份有限公司
Company type	Public
Traded as	SZSE: 000921 SEHK: 921
Industry	White goods manufacturing
Founded	1984; 40 years ago (1984)
Headquarters	Shunde, Foshan, Guangdong , People's Republic of China
Area served	People's Republic of China
Key people	Chairman: Mr. Tang Yeguo General manager: Mr. Wang Shilei
Products	Household appliances
Parent	Hisense Group
Website	www.kelon.com

Hisense Kelon or simply Kelon, formerly known as Guangdong Kelon Electrical Holdings Company Limited,^[1] is one of the largest Chinese manufacturers of white goods, producing refrigerators, air conditioners, and small electric appliances. The company is well known in mainland China under its brand names Kelon (科龙) and Ronshen (容声). The company's head office is located in Shunde, Foshan, Guangdong.^[2]

History

Founded in 1984 in Shunde, an industrial county in Guangdong, Kelon began producing refrigerators. Its H shares were listed on the Hong Kong Stock Exchange in 1996, while A shares were listed on the Shenzhen Stock Exchange in 1999.^[3] In 2006, Hisense Group, another large-scale white goods manufacturer in Qingdao, Shandong, acquired Kelon and became its largest shareholder. In 2007, the company name was changed to Hisense Kelon Electrical Holdings Limited following the acquisition.^[4]

In October 2018, Kelon proposed changes to the company's Chinese and English names. The proposed name would alter the name from "Hisense Kelon Electrical Holdings Company Limited" to "Hisense Home Appliances Group Co., Ltd."^[5]

H shares trading suspended 2005–2009

On June 16, 2005, Kelon announced that trading in its H shares was suspended "pending the release of an announcement in relation to price sensitive information". This was due to the involvement of Kelon's former chairman and largest shareholder, Gu Chujun, in the misappropriation of company assets, which was being investigated by the Foshan police. Gu was later dismissed by Kelon's board.^[6] The case was settled by the Intermediate People's Court of Foshan City on 9 January 2009.^[7] H shares resumed trading on 21 January 2009.^[8]

References

1. Guangdong Kelon Electrical Holdings Co. Ltd
2. "Contact Archived 2015-01-19 at the Wayback Machine." Hisense Kelon. Retrieved on May 23, 2015. "Address: No.8, Ronggang Road, Ronggui Street, Shunde District, Foshan City, Guangdong Province, China Zip code: 528303" - Chinese address Archived 2015-05-10 at the Wayback Machine: "地址： 广东省佛山市顺德区容桂容港路8号 邮编：528303"
3. "About Kelon". Archived from the original on 2009-01-25. Retrieved 2008-11-02.
4. Hisense to Take over Kelon for US$85 Mln
5. Announcement - Change of company name. publicnow.com 2018-10-25, retrieved on 2018-10-27
6. "Kelon says board dismisses chairman". Archived from the original on 2007-09-11. Retrieved 2008-11-02.
7. "ANNOUNCEMENT ON DEVELOPMENT OF SIGNIFICANT LITIGATION" (PDF). Archived from the original (PDF) on 2011-07-13. Retrieved 2009-01-21.
8. "Hisense Kelon (00921) to resume H-shr trading tomorrow". Archived from the original on 2011-07-21. Retrieved 2009-01-21.

External links

• Hisense Kelon
• Air Conditioning