Hisense Kelon

{{Infobox company

| name = Hisense Kelon

| native_name = 海信科龙电器股份有限公司

| type = Public

| traded_as = {{Unbulleted list|{{SZSE|000921}}|{{SEHK|921}}}}

| genre =

| image = Kelon.svg

| image_size = 250px

| caption =

| foundation = {{start date and age|1984}}

| founder =

| location_city = Shunde, Foshan, Guangdong

| location_country = People's Republic of China

| location =

| origins =

| key_people = Chairman: Mr. Tang Yeguo
General manager: Mr. Wang Shilei

| area_served = People's Republic of China

| industry = White goods manufacturing

| products = Household appliances

| services =

| revenue =

| operating_income =

| net_income =

| num_employees =

| divisions =

| parent = Hisense Group

| owner =

| company_slogan =

| homepage = [http://www.kelon.com/ www.kelon.com]

}}

Hisense Kelon, doing business as Kelon (stylized in all uppercase in its logo) and formerly known as Guangdong Kelon Electrical Holdings Company Limited,[http://kelon.manufacturer.globalsources.com/si/6008813278887/Homepage.htm Guangdong Kelon Electrical Holdings Co. Ltd] 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 ({{lang|zh|科龙}}) and Ronshen ({{lang|zh|容声}}). The company's head office is located in Shunde, Foshan, Guangdong."[http://www.kelon.com/search/other/contact/ Contact] {{Webarchive|url=https://web.archive.org/web/20150119033147/http://www.kelon.com/search/other/contact/ |date=2015-01-19 }}." Hisense Kelon. Retrieved on May 23, 2015. "Address: No.8, Ronggang Road, Ronggui Street, Shunde District, Foshan City, Guangdong Province, China Zip code: 528303" - [http://www.kelon.com/qt/lxwm/ Chinese address] {{Webarchive |url=https://web.archive.org/web/20150510004707/http://www.kelon.com/qt/lxwm/ |date=2015-05-10 }}: "地址：广东省佛山市顺德区容桂容港路8号邮编：528303"

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.{{Cite web |url=http://en.kelon.com/company |title=About Kelon |access-date=2008-11-02 |archive-url=https://web.archive.org/web/20090125224105/http://en.kelon.com/company |archive-date=2009-01-25 |url-status=dead}}

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.[http://english.china.com/zh_cn/business/appliances/11025897/20060424/13271449.html Hisense to Take over Kelon for US$85 Mln]

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."[http://www.publicnow.com/view/F9AD0D079521FF61E2A2241B5017B69BF97E09BA Announcement - Change of company name. publicnow.com 2018-10-25, retrieved on 2018-10-27]

Trading suspension

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.{{Cite web |url=http://kuching2.mofcom.gov.cn/aarticle/chinanews/200508/20050800266928.html |title=Kelon says board dismisses chairman |access-date=2008-11-02 |archive-date=2007-09-11 |archive-url=https://web.archive.org/web/20070911071218/http://kuching2.mofcom.gov.cn/aarticle/chinanews/200508/20050800266928.html |url-status=dead }} The case was settled by the Intermediate People's Court of Foshan City on 9 January 2009.{{Cite web |url=http://www.kelon.com/investor/company/200901/P020090109675945812603.pdf |title=ANNOUNCEMENT ON DEVELOPMENT OF SIGNIFICANT LITIGATION |access-date=2009-01-21 |archive-url=https://web.archive.org/web/20110713143118/http://www.kelon.com/investor/company/200901/P020090109675945812603.pdf |archive-date=2011-07-13 |url-status=dead }} H shares resumed trading on 21 January 2009.{{Cite web |url=http://www.chsec.com.hk/chs_portal/trdmodule/news_p.cfm?LangId=1&LNwsId=1367697 |title=Hisense Kelon (00921) to resume H-shr trading tomorrow |access-date=2009-01-21 |archive-url=https://archive.today/20110721085249/http://www.chsec.com.hk/chs_portal/trdmodule/news_p.cfm?LangId=1&LNwsId=1367697 |archive-date=2011-07-21 |url-status=dead}}