September 28, "GOME ownership wars" will have a result

September 28, for most people, just a normal day.

But for GOME founder Huang guangyu, Chairman of the Board of Directors of the GOME Chen, it would be a decided "who is the winner of the moment". GOME will convene a special meeting of shareholders on the same day, at which time, 19 months to domestic business best suspense "GOME ownership wars" will have a result.

Should GOME shareholder Huang guangyu, September 28, GOME in Hong Kong held extraordinary general meeting, the meeting will be submitted to the shareholders of 8 items, including a vote 4 through 8 of the proposal is to capture, in particular, the Chairman of the Board of Directors of revocation Chen and revocation of authorization of the Board of Directors of additional stock these two most core.

Equity capital markets, spoke on the game both shareholders than just shareholders share. To date, Huang guangyu aspects hold 35.98% stake, Bain Capital in September after 15 rizhai, hold 9.98 percent, to us the second largest shareholder, coupled with the tool, as well as original 1.47% Lo electric executives share of 5% of the equity, Chen has now reached 16%. The already complicated and confusing situation more complex is the third largest shareholder GOME Morgan, the fourth-largest shareholder large friction on September 10 and 13, continuous reduction company. Reduction after Morgan and large Moroccan holding GOME equity has been diluted to around 6% and 6.31%%, in accordance with the relevant rules, to be adopted at the general meeting of shareholders, to be attended by more than 50% of the equity agreement, the rare GOME Board will scramble, who is the winner?

The result is very optimistic about the tool:

In just 9 days, pitted against each other both upcoming "brave sword."

September 9, elementary school teachers who founded the Huang family lawyers new agent Zou xiaochun began to surface. At the moment of Zou xiaochun, the priority may not be how stable GOME development, his first task is September 28 on the general meeting of shareholders of GOME, let the motion capture, gaining enough shareholder support vote. For victory, Huang guangyu and Chen two camps will happen think? take a look at my colleague Rui chenggang and Ma hongtao on two camps representative Chen and Zou xiaochun's interview. Rui chenggang: now we are most concerned about is September 28, the general meeting of shareholders, who will win, and who will lose? do you think? GOME Chairman Chen: I think first of all we should be a State of mind is better, I feel this is a final judgment and investors, each investor he is independent of his choice. So I talk to my team, we will open in the face of this result, if he chose to our investors, the shareholders have chosen us, so we have an obligation and responsibility to the enterprises to do better, let investors from our efforts can go to share. If the investor does not choose us, then we should be left open. GOME candidate Director Zou xiaochun is no doubt that I win 928 shareholders this victory, I'm full of confidence. Rui chenggang: institutional investors will think it is you the shareholders ' meeting to be a focus, or opinion that you are sure to do some commitment to institutional investors, you feel that your commitment? GOME Chairman Chen: first of all I could on my investors committed to anything, I speak with them, your own judgment, voting is your own choice. (Then) as a public company, all members should not do any such thing, this is illegal. So for me, I believe we all investors, based on his own independent judgment to have the last one conclusion, of course, this conclusion, I feel should be very optimistic.

Zou xiaochun: we are full of confidence

Ma hongtao Reporter: after all, the Division also has no beginning and no results, you have to capture first social event of the vote, if you do not have any chance of success? GOME candidate Director Zou xiaochun: first we vote results are confident that our founder maintains our own legal rights efforts must be very strong, so we must in any case, we will take all efforts to make our founding shareholders can get a fair deal, this point must be unequivocal.

News background: GOME control controversy

It seems that for 9 days after the upcoming battle for this control, capture and Chen two camps are full of confidence.

The two, one is caught in the family business leader imprisoned criminals, one is a high-powered professional manager, the incumbent Chairman, 5 years ago also always fraternizing with close comrade, this is certainly the opposition parties. During this period, from blood, scores, interests, moral, various color elements are springing up. Here we have to sort out some control over the dispute between the United States.

GOME by Huang guangyu in 1987, the primary founder of home appliances chain sales company, 2000, GOME chain stores has covered the whole country, and in 2004 was listed in Hong Kong.

At the same time, Huang guangyu begun to set foot in the capital market, established the total assets of $ 5 billion Eagle investment and markets, expand the merger, large and medium-sized, triple trading companies, and so are its revenue in the bag. In November 2006, Huang guangyu of GOME acquires Chen-hand founded the Yongle electronics, Chen thus also become a "new GOME" CEO, holding GOME-2 characters. It should be said that, until 2008, GOME is the brainchild of development, has dominated the domestic electric appliances sales head to the country. Huang guangyu in GOME is keeping promise. The turning point occurred in 2008, the year in November, the Beijing Municipal Public Security Bureau announced that the GOME founder Huang guangyu arrested because of economic problems. In January 2009, Chen took up his appointment, the official successor to capture GOME Chairman of the Board and CEO. In response to 80 billion of debt crisis, Chen leads the United States Bain Capital entering the United States. Board of Directors as the progressive control tool. Lose control over who want to capture, of course, to regain power. So the two sides played out a screen and a dazzlingEquity perihelion. 09 May 2001, in the United States shareholders annual general meeting, Huang guangyu couples vetoed 12 resolutions of 5 items, prevent a Bain Capital 3 celebrities selected as non-Executive Director of the United States, the United States is the who, the count, and finally became a cross in the capture and the big question tool. Finally, Huang guangyu, on behalf of a shareholder proposal, September 28, the convening of the extraordinary general meeting, the stockholders to vote on who is the boss of the United States. So, September 28, both for Huang guangyu or Chen, were decided the key to victory.

GOME stock price changes

The controversy over the United States equity has become increasingly heated, GOME Kong stock performance also in heavy fluctuations.

Affected by the war go hot news stimulation, 14, GOME stock price has been seen 5.5% increases, as of 17, Gome's stock price is $ 2.5, as the high since September. Analysts believe that the "9 · 28" after the general meeting of shareholders, GOME stock price or is dropped.

Capital civilization is indisputable that all people are the beneficiaries

In fact, ownership disputes in domestic listed companies, is not nothing new.

Is the stock of GOME together such a great concern, because of the war's most important is not a moral battle, not a Lake of loyalty and betrayal, but in the law and the articles of association provisions of the rules of the game. 9 days, GOME equity lingering on the dispute will end. But for most of us say, the results may not be very important, important, GOME battle let us see what is the "capital of culture". It should be said that, to date, the dispute in both still in the game rules designated acting within the scope of, no deviation from a publicly-traded company should stake contest rules. Finally, no matter who wins and who is responsible for both sides, this is a field with the "capital of culture", all people, investors, shareholders, Board members, managers, company management, will therefore learning and thus understands the rules of the game in the capital market, and the accumulated capital civilization "," will have on the future of China's capital market's long-term development, a tremendous impact, from this perspective, all the people, will be the beneficiaries of the dispute between the United States.