Tuesday, November 30, 2010

GOME or will split the Nov. 1 deadline not

Another week of kink, GOME 370 non-market stores stay problems suspected dawn. Huang guangyu, spokesperson, November 1, is not a negotiation deadline, but within a reasonable time period to reach the GOME development package. Last week, Zou xiaochun media interviews, said, 1 November, Huang guangyu family does not listed separately from the stores listed. He indicated that the injection of non-market stores, the need to address the founding shareholder of the reasonable Board seats, restructuring under the premise of the Board of Directors of the United States to make, as a cash purchase or stock swap, yet any prototyping scenarios. For Huang guangyu aspects of two "prerequisite", GOME, respond to claims that Chen's fate in the September 28 of the general meeting of shareholders to vote by shareholders on has made his decision, Chen is the soul of the company, shareholders also see Chen's contributions to the company, as well as the results before a vote of confidence, in a sense is a shareholder investment object, if the General Assembly by the end of the tool quickly leave, it was the vote of the shareholders. GOME aspects at the same time respect the founding shareholder rights, but that can not be emotional. Although there is still between the words "you to me to" rivalry, but the trend is becoming increasingly apparent reconciliation, Zou xiaochun in an interview that reveals, is working with Bain, multi-party negotiation tool, etc., trying to reach has the legal effect of a package solution, to effectively address the GOME future development problems. But this package is to be able to reflect the aspirations of all the shareholders, and eventually to form the legal effect of the file. This week, Huang guangyu sectors on external representation, although the parties have "non-listed shop" and "Board seats" issue reached a preliminary agreement, but in specific operational level differences still exist. The person also explains, because of the possibility of further negotiations, had previously announced "capture aspects of 1 November split GOME non-listed shop" decision may push, whether implementation, as well as specific implementation time, according to the progress of negotiations the two sides.

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