(Yicai Global) Nov. 12 -- The share price of Gree Electric Appliances edged down today after its state-owned parent said that it has not yet signed a deal about selling the biggest stake in the Chinese air-con giant to a private equity fund backed by Hillhouse Capital.

Gree's [SHE: 000651] stock price slid by 3.27 percent to CNY59.17 (USD8.40) in the morning. 

Gree Group, controlled by the Zhuhai government, will continue negotiations with Mingjun Investment Partnership, a private equity fund backed by Hillhouse Capital, as the content of the agreement is still open, the Zhuhai-based target firm said in a statement yesterday. 

Editor: Emmi Laine