Chen alleged misrepresentation yellow sides will discuss with the Board of Directors

Hong Kong independent financial commentator David Webb22, the author points out that, at the end of 2008, the United States to capture the Chairman Chen did not to Stock Exchange provides business go bad information, and false statements that relate to criminal responsibility, calling for the Hong Kong SFC investigation. Yesterday (November 23) GOME and Huang guangyu spokesman have come forward to respond.

David Webb article stated that the United States President Chen recent Analyst Meeting accepted analyst enquiries, recognized in December 2008 were arrested, GOME Huang guangyu facing sudden cancel revolving credit and the supplier require payment in advance.

But their argument and was issued a notice when the alleged "group business, operations and supplier relations in contradiction to the normal".

David Webb believes that Chen in GOME 2008 December bulletin interpretation was lying, contrary to the Hong Kong Securities and Futures Ordinance No. 298 of "disclosure of false or misleading information to persuade trading offences", calls on the Commission's involvement in the investigation.

According to the provisions of the once Chen was found guilty of this offence could face a maximum fine of 1000 million, as well as 10 years ' imprisonment.

GOME related spokesman expressed, company number on the statement at the event there is no contradiction between.

In the United States by the end of 2008 and 2009 for the first half of the Exchange's public reporting, GOME credit limit by the fourth quarter of 2008 the level of normal 36.46 billion to 2009 second quarter 20.33 billion yuan, "the United States did not conceal relevant information".

Huang guangyu's spokesman said, on the message itself is not to do reviews, but the listed company information disclosure system should comply with the corresponding regulations, Huang guangyu himself will be the company's Board of Directors met to discuss the matter.