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Hisense Kelon Electrical Holdings (000921.SZ) announced Thursday it plans to place US$230.40 million (RMB1.6 billion) worth of  shares with its parent Hisense Air Conditioners in return for some of the latter’s white goods assets, China Business News reported. The share for assets swap plan comes after the securities regulator rejected a similar plan worth US$365.76 million (RMB2.54 billion) in March. The assets include a 100% stake in Hisense Shandong Air Conditioners, a 51% stake in Hisense Zhejiang Air Conditioners, a 55% stake in refrigerator maker Hisense Beijing Electric Appliances, and the marketing assets and liabilities of Qingdao Hisense Marketing Co Ltd.

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