China's GREE Electric Appliances parent plans $6.4b share sale

China's GREE Electric Appliances parent plans $6.4b share sale

Gree Electric Appliances Ltd. is displayed on an outdoor unit of a commercial air conditioner unit at the company's showroom in Zhuhai, China, on Wednesday, March 28, 2018. Gree is China's largest air-conditioner maker. Photographer: Justin Chin/Bloomberg

The parent company of Gree Electric Appliances Inc. plans to sell almost all of its stake in the Zhuhai-based appliance giant in a deal that could be worth up to 43 billion yuan ($6.4 billion), said the company Monday.

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