Huang guangyu insist that: "Chen must go"

November 1, GOME stores have not requested and separation. Clearly, the controversy surrounding the GOME control, Huang guangyu family and GOME Chen who are not willing to see split this step. But a new round of negotiations restart, despite the differences between the two sides still exists.

According to 27 August this year, the Beijing guomei Huang guangyu owned the GOME issued a Board of Directors on conditional termination "non-listed managed Protocol" written notification, dated 1 November is the United States to capture family of non-listed shop end managed day, judging from the current situation, it is clear that Huang guangyu family already and Chen on this matter and reached a consensus.

At this date of three days ago, the story also doesn't go.

Last Thursday, after the special shareholders ' meeting is quite silent Huang guangyu family issued a statement, adhere to high-performing must go, "a special general meeting of shareholders, the founding shareholder demands have not changed. If within a reasonable time, no further progress, the founders clearly the largest shareholder will consider terminating the non-listed managed, and once again proposed to convene an extraordinary general meeting of shareholders. "And that has made independent operating non-listed. According to the plan, to capture the next five years, non-listed part of planned national 200 city stores a total of 750, sales is expected to reach $ 45 billion.

Moreover, Huang guangyu family accused of GOME Board "delay negotiations continue to marginalize and damage the legitimate interests of the founding shareholders, Chen" through the media response refers to the first failure and the CSA.

Following the special meeting of shareholders on behalf of Huang guangyu family, rhododendron and Chen and Bain Capital representative Jonathan 14 October to start negotiations to put forward a package during capture solution, but still on the reconstitution of the GOME issues such as the Board of Directors to reach consensus and make talks on hold.

The reporter was informed that a new round of negotiations was 1 November recovery, although non-listed stores whether end managed to agree on the two sides have already, but the outside world still worry about the differences between the two sides of the Board of Directors of sharp personnel arrangements.

Prior to this, Chen and Bain has proposes to increase the two directors of the programme, but with regard to the opinion of the scheme to capture allows shareholder role still does not play. According to capture family of 28 October declared, "the Board of Directors of the company's management in occupies too many seats, is not conducive to corporate governance; therefore, it is very necessary to adjust the management representative of the Director's seat," still want its candidates submitted by the Director to replace Chen, official to Ding. If consensus cannot be reached through negotiations, major shareholders may be convened by the special shareholders ' meeting again.

Apparently not renewed fighting in GOME and investors want to see.

This week a new round of negotiations to begin on the day after, GOME prices climbed 2%, investors hope that both sides can be visible as soon as possible to reach an agreement.

Last week the us old rivals suning appliance announced three quarterly bulletin, suning appliance for the first three quarterly operating income reached 543 million, net profit 28.3 billion, the first three quarters of a net increase of chain stores, including 265 family in the third quarter reached shop number 131, become the SUNY quarterly shop over the number of new high.

Next GOME forthcoming third quarterly bulletin, suning's transcript would become both the performance of the benchmark assessment GOME? given prior to capture aspects and Chen have semi annual report contents accuse, as well as in the company's development strategy in the event of a disagreement on the outside of the United States three quarterly bulletin concern announced controversial again, the impact of the ongoing negotiations progress.