butterfly home appliancesbutterfly home applianceswned enterprise reform. February 20, Zhuhai Gree Electric Appliance Co., Ltd. (hereinafter referred to as "Gree") announced that:. "SASAC Zhuhai Gree Group intends to use no more than 49% stake in publicly listed on the transfer by way of introduction of strategic investors" This means that in the new round of reform of state background Gree will further promote the reform of equity diversification. Gree was once a state-owned listed company from Zhuhai Gree Group Corporation (herei