July 24, 2016 1:03 AM ET

Household Durables

Company Overview of Haier Group Corporation

Company Overview

Haier Group Corporation, through its subsidiaries, manufactures home appliances. The company manufactures home appliances, such as refrigerators to washers, freezers, and color TV sets; and consumer electric appliances and integrated kitchenware, including cabinets for drinks, air conditioners, washing machines, water heaters, electric kitchenware (exhaust fans, cooking utensils, sterilizing cabinets, baking ovens, steamers, microwave ovens and dishwashers, etc.), small scale electrical household appliances (coffee machines, toasters, blenders/juicers/hand-mixers, cup warmers and electric water heaters, etc.), televisions and integrated kitchen cabinets, etc. It also offers advertising, incl...

No.1 Haier Road

Hi-tech Zone

Qingdao,  266101

China

Founded in 1984

Phone:

86 53 2889 39999

Fax:

86 53 2889 38666

Key Executives for Haier Group Corporation

Chairman and Chief Executive Officer
Age: 67
Executive Vice President and Executive Director
Age: 50
Vice President and Executive Director
Age: 58
Vice President, Sales Director of Pegasus Qingdao, Deputy General Manager of Pegasus Qingdao and Executive Director
Age: 49
Executive Director
Age: 46
Compensation as of Fiscal Year 2016.

Haier Group Corporation Key Developments

GE Appliances Mulls Sale Of Home Appliance Service; Haier Reportedly Potential Suitor

GE Appliances Inc. may sell some assets. According to the media report, GE hopes to sell home appliance service as soon as possible, staring off first round of bidding invitation, luring investors like Haier Group Corporation, making offers higher than $3.3 billion made by Electrolux AB (OM:ELUX B), earlier. GE’s Executive President, Jeffrey Immelt indicated that bidders included makers and financial institutions and the bidding will be completed in early 2016. According to the news report, GE spokesperson and Haier representative both declined to make comments.

Investors Reportedly Mulls Acquisitions Of Stake In Fisher & Paykel

Archer Capital Pty Ltd. and Maui Capital Limited have reportedly joined forces and are preparing to table a final bid to acquire stakes in Fisher & Paykel Finance Limited, as per Street Talk. UBS Group AG (SWX:UBSN) is advising the consortium. FlexiGroup Limited (ASX:FXL), advised by Citigroup Inc. (NYSE:C)., had been regarded as the frontrunner to take out Fisher & Paykel. Fisher & Paykel's owner Haier Group Corporation is calling for final bids next month, with the asset expected to fetch up to NZD 300 million. Credit Suisse affiliate First NZ Capital is running the sale.

Fisher & Paykel Reportedly For Sale

Fisher & Paykel Finance Limited's auction is approaching the pointy end with four bidders left in the hunt. It's understood management presentations will be held this week and next in Auckland for the asset finance business, expected to fetch up to NZD 300 million. Prospective buyers have also held meetings with New Zealand department store Farmers, which accounts for a large portion of Fisher & Paykel Finance's business. FlexiGroup, advised by Citigroup, New Zealand's largest online auction site Trade Me, tended to by Deutsche Bank, and two sponsor firms (sources pointed at Archer Capital and NZ outfit Maui Capital) were preparing to submit final offers in mid-August. Fisher & Paykel's owner Haier Group Corporation advised by First NZ Capital, Credit Suisse's Kiwi affiliate - is seeking to have a deal signed by the end of next month.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2015
45% and 49% Stakes In Two Companies
 

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