Wednesday, December 15, 2010
Huang Guangyu Chen family then proposed a phased replacement for the outgoing.
<P Align=left> "9.28" United States shareholders to vote seemingly achieved a balanced stage, and can not represent the States United States the war has ended. .From the poll results, Huangjia Ji Chen's departure this consent will be implemented in phases, and Chen left, yellow house facing re-election of a replacement. .Recently, the former United States executive who is now at Electric Vehicle Co., Ltd. Jiangsu New Vice President Hu Gang said, the United States struggle to enter the second phase, the largest shareholder with two shareholders (Bain) will become a director of a new country the United States .Bureau of the new balance of power system. .All this is in the mode of multi-party peace talks with. .</ P> <P align=center> </ P> <P> Huang Guangyu, a spokesman for the recent aspects of the "China Times" said that major shareholders had been negotiated and the National Board of the United States, and in the "9.28", the negotiations .There will be new content, including Chen in what way, and when to leave; how to arrange seats on the board of directors, and whether the spin-off of non-market stores will be the focus. .</ P> <P> Chen's replacement? .</ P> <P> "51.89%", Chen Chairman of the Board to withdraw the motion is denied the country the United States shareholders, but Chen sit back and relax this it? .</ P> <P> Huang spokesman said that while shareholders have made the choice to stay on Chen, but its fate is still the largest shareholder concern. ."We will not agree to a long-term we do not trust the people in charge of the United States, in particular our own assets (non-listed stores )。"</ P> <P> It is understood that major shareholders had stated publicly in August, if" .9.28 ", the major shareholders of the five motion is not passed, 370 non-listed stores (100% of shareholder equity) to separate from the States United States out of the Group, operating independently from the major shareholders. .Liu Buchen, experts believe that home appliances, split once achieved, for listed companies and non-listed companies are not good results, the United States will fall into the development of internal friction, which is obviously not a big shareholders like to see. .</ P> <P> Bain for the two shareholders, stripping non-listed stores is unacceptable. .According to public information, Bain in 2009 when the United States in the injection of the country, there were additional conditions, namely the United States managed to maintain at least 3 years of non-market stores, which clearly reflects the trend of Bain Capital's investment. .</ P> <P> order to avoid such an outcome, in fact, in terms of Huang Guangyu, "9.28" made prior to the bottom line, that is, "Chen should leave the country the United States in the short term." .</ P> <P> According to the Hong Kong media reports, Chen has proposed "willing to take the initiative to leave the country one year after the United States in return for multi-re-cooperation", and "Huang Jiaxuan said that the result will be a winner of shareholders, refused to reconciliation, .so that the final negotiations broke down. " .</ P> <P> To this, Chen in the "9.28", said shareholders did not respond. .</ P> <P> but in the "9.28" shareholders meeting, the two sides gradually rising voice of peace talks. .States United States shareholder's statement on "Independent 370 stores," says nothing about, saying only that all shareholders will cooperate. .Gome said the spokesman on this issue, "the board willing to talk with Mr. Wong, in order to maintain the stability of the company." .</ P> <P> analysts pointed out that in such circumstances, Chen select a buffer, and then left the country the United States is not impossible. .Major shareholder of the key depends on the conditions out side. .</ P> <P> and if Chen eventually choose to leave an appropriate time, Huang family and other shareholders to discuss Bain suitable replacement. .According to a press multi understood that the replacement will likely be the former general manager of Gome Huang Guangyu's brother Zhang Zhiming. .</ P> <P> Prior to that, the outside lawyer, Zou Xiaochun widely questioned whether the ability to replace Chen, control the ship in GOME retail ship, if Zhang Zhiming, "came out", seems to be a response to this question, Wong family .apparently hoping to add a weight to the investors mind. .</ P> <P> Huang and Bain compromise </ P> <P> United States follow-up for the battle, as the country's second-largest shareholder of Bain United States still plays a significant role, the major shareholder parties apparently see .to this point. .</ P> <P> in the "928" before the Meeting, on behalf of Zou Xiaochun Huang family, respect, "Bain Capital for the fate of three directors, shareholders want to choose, its major shareholders do not want to interfere. ."</ P> <P> voting results show that the Bain's three motion were passed, including Zhu Jia re-election of non-executive director for the country the United States also is 94.76% of the vote passed. .Obviously, holding 32.47% of the Huang family, which cast in favor. .</ P> <P> the Huang family, most fear, and Gome board master of the "additional 20% of the shares," the general authority, but also because of access to support 55% of the vote was annulled. .Clearly, there is no support for Bain, which is impossible. .</ P> <P> area, according to sources close to Huang, in fact, already between Huang and Bain compromise to some extent. .</ P> <P> It is understood that, as early as the end of August, yellow house with the Bain face to face contact. .Bain was five to express his point of view. .Shortly thereafter, the family of Huang Huang Xiuhong head of capital markets in Shenzhen to meet with Jonathan Zhu. .The two sides made in accordance with Bain side had five hours of consultations and consensus reached on the details of which Huang Bain agreed to replace the two new directors to be the most meaningful consensus. .</ P> <P> but the two sides or the fate of Chen failed to agree on the issue. .Huang Guangyu Chen immediate family insisted the departure of the Bain side advocated a phased implementation of the plan. .</ P> <P> fate precisely because of Chen's problem, "9.28" shareholders inevitably occurred. .Although the overall results of the vote is not the Huang family had hoped, but Huang demand side of the company's interests, have been transformed into "a reasonable increase in the number of agents of the Board." .The demands can be achieved, Bain Capital's attitude is crucial. .There were indications, Sept. 29, Bain Capital Managing Director Jonathan Zhu and major shareholder of Gome Huang Guangyu family "when the family," cuckoo, held talks in Beijing. .</ P> <P> in the "928" based on voting results, Huangjia Ji Chen's departure this consent will be implemented in phases, which marked the party Huang basic agreement with Bain. .On this basis, Huang can also board seats, as well as aspects of non-listed stores and investment shareholders to realize their aspirations. .</ P> <P> ready to receive non-listed stores </ P> <P> "peace talks to solve the problem is no better thing, but we are still preparing the same time doing something else." Huang told reporters spokesman .. .</ P> <P> then the other hand for Huang What is it? .Chen is the fate of multi-problem of the next month is still no agreement is reached, the majority shareholder in unlisted side will recover stores, independent operators. .</ P> <P> it all stems from the Aug. 27 issue of Huang Guangyu to recover after a letter of non-listed stores, Gome on August 30 issued a letter "To Beijing Gome Electrical Appliances Co., Ltd. (a non-listed .store assets) letter, "letter in a section of the show," Our decision will be October 31, 2010 unconditional termination of the Executive (including but not limited to) the total supply agreement, the total purchase agreement, purchase a service agreement in 2010 .2010 Management Agreement and other related agreements. your company on November 1, 2010 from non-listed companies to manage their own business. "</ P> <P> That is, if the Huang family and Bain can not" non-listed .shop "to reach a new agreement, in less than a month later, Gome will face a completely split. .</ P> <P> Moreover, the strength of non-listed assets of stores is quite strong. .It is understood that a number of branches in Gome, many non-listed assets are very good, medium and large electrical appliances, Gome Gome Group performance measurement are A + in assets. .U.S. retail assets in the country in the Group, A + assets only 5. .</ P> <P> according to previously published data, non-listed Gome stores in 2009 to 233.5 million yuan each year the total cost, which costs the equivalent of the net profit of listed companies 16.67%, very impressive. .</ P> <P> Huang spokesman said that at present we are doing to receive the preparation, including personnel, equipment, funds, purchase and sales contracts and so on. .Which staff will be essential to retain the current level of non-listed employees in all stores, but not limited to, the current States United States the Group's business executives will also be part of the join. .</ P> <P> In addition, he also said that once the division, the supplier is not a problem, but the logistics on the short term will be affected, but the ability of the cuckoo and the yellow house financial resources, the normal operation of stores is not a problem. .</ P>.
Labels:
[:]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment