Formal: Gree Electric headquarters transfer to Hengqin
Gree Electric Appliances has formally announced intent to change its registered headquarters from West Jinji Road, Qianshan to 108 Huitong Third Road in Hengqin New Area, both within Xiangzhou District.
This is no surprise because in December 2019, Dong Mingzhu, chairwoman of Gree, said at the Macao-Zhuhai Entrepreneur Summit that the company would build headquarters in Hengqin and strengthen cooperation with Macao industries to cultivate innovative R&D and talents.
Gree Electric Appliances in Qianshan [Photo courtesy gree.com]
Gree can make full use of the Greater Bay Area as a talent magnet to further strengthen its own scientific research capabilities and take a leading role in the industry, said Dong in an interview with Zhuhai Media Group in May. The move also positions Gree to better seize opportunities brought by the Greater Bay Area and enhance international competitiveness.
The electric appliance maker bid 419 million yuan ($65 million) in April for a commercial lot of 9,759-sqm (2.41 acres) on Hengqin Financial Island. Huitong Third Road runs east-west three blocks south of the Hengqin International Finance Center.
Gree Electric Appliances is a benchmark enterprise for boosting Zhuhai's real economy. Just Aug 2, the company was included into the 2021 Fortune Global 500 list for the third consecutive year, ranking 488th.
Meanwhile, Gree Electric Appliances High-End Intelligent Manufacturing Industrial Park in the Gaolan Port Economic Zone and Intelligent Equipment & New-Energy Industrial Park at Sanxi Technology & Innovation Town in Qianshan are under construction.