GOME is a three-way split not afford to lose the "Hunzhao".

<P> Although the outside, non-listed Gome stores did not split the schedule, things seem to have slowed down the situation, but Huang has always been tough not think so. .October 28 evening, Huang stressed that the latest statement, especially after the general meeting of shareholders, the founding shareholder demands have not changed; if within a reasonable time, no further evidence of progress in consultation, the founding shareholder would consider terminating the non- .business hosting market and once again proposed the convening of the EGM. .</ P> <P> become non-listed Gome stores are likely to split at any time "time bomb." .</ P> <P> States United States a long-term concern about the progress of the event source told China Business News reporters, in fact, including the Huang family, including, want to maintain the integrity of the States United States: "split the United States, is actually a complete faint .strokes. If there be a day, the United States will fall into the abyss beyond redemption. "</ P> <P> Huang ready? .</ P> <P> in a statement, Huang continues to believe that in the past year the company's strategic direction and management of serious problems, Chen should be held responsible. .Therefore, the U.S. Board of Directors Chen must exit the country, and the company management to occupy too many seats in the board is not conducive to corporate governance, management representatives are to adjust the board seats necessary. .</ P> <P> statement also stressed that despite the current market for non-managed business is still not certain whether to continue, but the founding shareholder will depend on developments in the decision. .</ P> <P> Moreover, Huang also said that the independent operators have been doing preparatory work for non-listed activities, including team building, ERP systems, financial preparation, development of non-listed business development and planning is well underway. .And a detailed non-listed business in the preliminary development plan has also been completed, the next 5 years, non-listed part of the plan in 200 cities nationwide total to 750 stores, sales volume is expected to reach 45 billion yuan. .</ P> <P> now every indication that possibility Chen initiative to withdraw from almost zero. .The source told China Daily reporter, in accordance with the demands of the Huang family, split the country the United States is bound to become possible. ."But the States United States such a big plate, listed between business and non-listed business is complex, not to say that you can score points. Particularly non-listed part, even if the real points, and Wong really ready for it?" </ .P> <P> The first is a human issue. .Although the Huang family spokesman said the present United States on the organizational structure of the Parent Group to set up and team-building work has been basically completed, and plans to set up business centers, operation centers, financial centers, brand management centers, administration human center, information center and other core sectors. .But in the short term manager for the several hundred stores easy to find? In particular its real leaders lie? </ P> <P> According to reports, September 28 a special shareholders meeting, the Huang family 5 .move only one passed, in fact, with the two candidates nominated by Huang - Huang Yanhong Zou Xiaochun and did not get the trust of shareholders has a lot. .Prior to the rumor about Huang's brother Zhang Zhiming Zou Xiaochun is expected to be nominated as directors to replace a candidate, but Zhang Zhiming Huang has explicitly rejected the invitation. .</ P> <P> second is funding. .Although the Huang family spokesman said, the United States to receive the Parent Group has prepared a non-listed business adequate funding, while working with internationally renowned private equity fund to discuss cooperation, This is to ensure that the mother country the United States retail business (including but not limited to electrical retail business .) and the future development of real estate business funded. .But Which specific private equity funds, the spokesman said it is not yet disclosed. .</ P> <P> but the country has about 100 billion are sold in the American news industry still be interpreted as yellow house "money hungry", ready to arm for survival. .</ P> <P> As for the media are generally concerned about the problems with competition, the person familiar with the issue but that simply will not make itself. .According to reports, after listing in 2004, and non-listed Gome signed a non-competition agreement, only requires the controlling shareholder of Gome Huang Guangyu, as during the US-listed companies in the country not already set up shop in the city to open new stores, not .that split is bound to compete, but does not mean that the family is bound to give Huang the status of major shareholders. .</ P> <P> "This should be a misunderstanding of the media." The parties believe that this simply will not become a problem. ."Would be to split the point if true, even if Wong can single-handedly prop up the share of non-listed business, Mr Huang has no meaning." "As long as the United States split the country, and Huang is a failure." </ .P> <P> Can Chen Kang Zhu? .</ P> <P> Chen declared that the withdrawal of another core. .But for Chen, the once left can not accept, because it not only means that all previous efforts will come to naught, but also the main factor is the interest the meantime: When Chen convertible into United States .shareholders, the highest net worth had reached nearly 20 billion, while after the accident Huang Guangyu, Chen minimum net worth has shrunk to less than 5 billion. .If you are not in power during the country the United States make it back, leave entirely, "both life and wealth." .</ P> <P> Chen naturally not so easy to leave. .Five-third of the country even crack the U.S.. .Chen and others just for the United States divided the country as he apparently does not believe it, "the fish will die, the net is not broken." .Data show that as of mid-2010, the United States sales of non-listed stores 96.2 billion, equivalent to earnings of listed companies 39% of related revenues; and non-listed Gome stores in the same period net profit was 628 million yuan, a considerable .in 44.6% of profits of listed companies. .</ P> <P> so once owned 372 stores Huang independent, Gome will lose nearly 1 / 3 of the shop, nearly 1 / 2, the net profit of listed companies is difficult to bear such short-term performance pressure; .Moreover, the chain will seriously affect the shrinking size and bargaining power of suppliers, has become the second shareholder of Bain country the United States is also difficult to accept such an outcome. .</ P> <P> analysis of the industry also believe that, from a cost management is concerned, Chen would like to compete, the inevitable need financial support and to reduce gross margin and increased sales of advertising budgets, such as spending too much against the other shareholders will be encountered .containment, while founding shareholders without regard to the check; from the cash flow side, the listing of their own country the United States to use their own blood, rather than the public is not only used his own blood, and can use other funds to support non-listed stores .the early use of the funds needed. .</ P> <P> In addition, in terms of management efficiency, non-listed stores can instantly respond to market changes and make decisions, put themselves in position of comparative advantage, and listed on the country the United States required by the rules in decision-making process for this .US-listed countries will make the decision later in the decision-making non-listed Gome half a beat. .No non-listed equity constraint store, you can efficiently make decisions in real time from the strategy, while the listed company to make major decisions, the founding shareholders can exercise the veto. .To delay non-listed public company method of introduction of effective competition in the stores. .</ P> <P>, of course, the United States split, for the country's second-largest shareholder of Bain natural beauty is not a good thing. .It appears that in the store, and with the sub-issues, not the game the last minute, the tripartite agreement the sum of interest demands very difficult. .This creates a no-win proposition, Chen did not go, the United States split will become possible; and split the United States, in addition to pressure Chen keep what? .</ P> <P> above person said, "No matter what country the United States followed events in the development of the United States to maintain the integrity of the country should be a bottom line." </ P>.