Hisense Kelon
| Company type | Public |
|---|---|
| Industry | Household appliances |
| Founded | 1984 |
| Fate | Acquired by Hisense Group in 2006; rebranded in 2007 and 2018 |
| Successor | Hisense Home Appliances Group Co., Ltd |
| Headquarters | Shunde, Foshan , China |
Area served | Mainland China |
| Products | Refrigerators, air conditioners, small electrical appliances |
| Owner | Hisense Group (controlling stake) |
| Parent | Hisense Group |
| Website | www |
Hisense Kelon, operating under the trade name Kelon (displayed in uppercase) and previously identified as Guangdong Kelon Electrical Holdings Company Limited, ranks among China's foremost producers of household appliances, with a focus on refrigerators, air conditioning units, and small electrical devices. The enterprise mainly serves the mainland Chinese market through its brands Kelon (科龙) and Ronshen (容声). Its corporate headquarters are situated in Shunde, Foshan, within Guangdong province.
History
Established in 1984 in Shunde, Guangdong, Kelon's initial operations centered on manufacturing refrigerators. The company made its debut on the Hong Kong Stock Exchange with H shares in 1996 and later issued A shares on the Shenzhen Stock Exchange in 1999.
In 2006, Qingdao-based Hisense Group, a prominent manufacturer of household appliances, acquired a controlling stake in Kelon. This acquisition led to the rebranding of the company as Hisense Kelon Electrical Holdings Limited in 2007.
By October 2018, Kelon sought approval to change both its Chinese and English corporate names to "Hisense Home Appliances Group Co., Ltd," signifying its closer alignment within the Hisense corporate family.
Trading suspension
On June 16, 2005, trading of Kelon's H shares was halted pending disclosure of material information. This action was prompted by an investigation conducted by Foshan authorities into allegations of asset misappropriation involving Kelon's former chairman and largest shareholder, Gu Chujun, who was subsequently removed from his position by the board. The legal proceedings concluded with a ruling from the Intermediate People's Court of Foshan City on January 9, 2009. Trading of H shares recommenced on January 21, 2009.
See also
External links
- Hisense
- H shares
- 1984 in Foshan
- Chinese brands
- Shunde District
- Home appliance brands
- Companies based in Foshan
- Companies established in 1984
- Privately held companies of China
- Companies listed on the Shenzhen Stock Exchange
- Companies listed on the Hong Kong Stock Exchange
- Heating, ventilation, and air conditioning companies