GOME outstanding: looks like Chen won

No need to add a human element, the reality of GOME battle than any play more suspense. September 28, GOME special shareholders ' meeting after the controversy over the control, but the outcome is not yet separated.

The China business history of founding shareholders and rare in the professional managers of adsorption at China media war, while the GOME and Huang guangyu in China's symbolic significance, so that the public attention to this unprecedented heat.

However, the noise of the onlookers cannot change the capital of cool, fearing a super-powerful damage patterns of small shareholders, investors group appears, select the team, he and Chen family replacement of Board members proposed to end in failure.

All in all more like Chen won, but the imprisonment of two years of Huang guangyu still defending himself for big shareholder status.

Cancel the resolution of the general authorisation, for dilution risk of equity to capture completely excluded, nearly one third of the company means that any future Chen, shareholder has the right to reject, the right of the Board of Directors has also been greatly weakened. But clearly, he is a Director of family selection to win the trust of investors, Huang guangyu wife rhododendrons are suspended for not listed company jobs, lawyers, Zou will disappear from the front desk xiaochun to recede, Huang family need trusted advocates reforming and rivers.

Chen allies Bain Capital will become the GOME Board damage minimum in any dispute.

The CSA in extraordinary meeting unexpectedly supports Bain Capital representative Jonathan re-elected directors, decisive and Jonathan and frequent contact with rhododendron, suggesting that the two reconcile. The long and exhausting battles, Huang guangyu, Chen or institutional investors, it is clear that there is a consensus that continue to argue on the merits, no one will only make us back into the whirlpool of uncertainty, thus becomes the theme of the next stage. "To meet Mr. WONG, I wish I could talk separately. "20 August accept" global entrepreneurs "interview, Chen is thus sighed.

After the storm of openness, new and old hostility between the President of the Board of Directors is so deep; at the same time, the current poll showing a complex results, not lifting the GOME stock price trend face time bomb.

How to eliminate numerous uncertainties, let us into the right track to become the focus of attention of investors. Although relying on lead the United States out of the clouds, so capture case Chen won the favor of small shareholders, but in an increasingly narrow space, he needs more business wisdom in the face of this mess.

"This was really hard," after the national day holiday, GOME a core management to our exclamation, yet it is difficult to find a lasting solution to the problem, management, shareholders and investors will take time to calm down, how to end it all better, "which requires both have sincerity, don't do some stimulating each other's nerves.

”

Unexpected

If the scene from the extraordinary is the cry of "Chen" and pre-war huangjia team's speech, September 28, ending quite surprising.

From GOME special shareholders meeting there are more than an hour, is located in the Regal, Causeway Bay, Hong Kong hotel is packed with hundreds of companies from all over the country, media advance media buy equities in order to obtain access to the Assembly site of tickets.

Many shareholders specifically from Shanghai, Beijing and other places to fly to Hong Kong, in the face of media relentlessly denounce Chen, this allows shareholders has almost become a critique.

Until the last moment count, Chen still waiting for the results.

GOME investment Department of the informed to our sources, in particular before the general meeting of shareholders, management team already know the resolution of the general authorization is most likely to win, when authorized in the Roadshow is very controversial, and many investors choose to this resolution, which is related to abstain from performing the success or failure of the replacement Board member suggested that management nor grasping win: "several Vice Presidents often worried and asked me what will be the result, I can only tell them to say sorry, although most investors clearly expressed the support of management. But not to last five minutes, no one can know the results. ”

In September of two factions clash, Huang family seems proper grasp the increasingly effective, Chen response can also be used to describe the "passive".

From Huang guangyu fought to split, Chen and management through suffering, and name-calling and supports most of the Internet, once the "hide" tool to overseas for Roadshow, "even if you believe you're doing the right thing, almost one-sided opinion will enable people to crash. "Close to the people to our tool, this tool only when away from home environment to feel pressure slightly reduced. When launching the frequent appearance of Zou xiaochun gongfa public opinion, responses will only select rush tool, accept CCTV2 and two portal interview repelled.

All the information seems to be drawing a "legal right" desolate back: Huang guangyu "national enterprise licensing" and "feeling", founder of the public and private entrepreneurs sympathy; management visited the United States by institutional investors, but large friction and small friction reduction is selected; the biggest ally Chen Zhu, and after several times of rhododendron exchanges had no no in temporary resonate shareholders before the meeting, near Wong family informed even told our laughs to win without a doubt, "just wait for our good news.

”

But when seven o'clock GOME President Jun Wang Chau announced the results of the vote of the general meeting of shareholders, analysts in the collapse of the glasses.

Chen, official to be retained, such as Ding Huangyan Rainbow, Zou xiaochun failed to enter the Board, looking at the statistics from a number of votes, and Huang guangyu has no associated shareholders, only 8% against Chen continued as Chairman of the Board, which makes the tool was not a bargaining chip to a narrow victory of weak advantages accounted for up to one-third of the shares to capture family.

The Board temporarily escape Huang guangyu attempts to restructure its destiny, but did not win over — lost SEO GOME stock, that bound to capture in a very long period of time will be the controlling shareholder of the United States, and Chen is always lost the dilution of ownership, "Wong"

The ability to solve the problem once and for all. But for and performing the same camp management, this victory or let them at ease, "under the pressure of public opinion, we have doubts about their own choices, but investors certainly let us believe does not do wrong. "The GOME core management so we said.

Perhaps most people can identify with Huang guangyu, this ambitious but endured in the founder of the United States, but the real power is in the pursuit of self-interest maximized in the hands of institutional investors.

Institutional investors are often more than retail, than ordinary Internet users in more emphasize the rational, more familiar with modern corporate governance and better rules of power and desalination moral strength. It can be said that the controversy in the United States performing victory is from the forces of reason.

While the lack of a co-ordinator, systems management, Operations Manager of GOME, is leading to the battle for the control to capture replay.

At this moment, the fate of the GOME and then to yellow, for reason of institutional investors, certainly know the risks. While Huang guangyu, nominated Zou xiaochun and huangyan Rainbow, from the experience and capabilities are not on a par with the Chen, clearly do not meet the shareholders want stability.

There is no doubt that the shareholders do not like the power struggle.

In 2009 the GOME management of overseas investor Roadshow, which pointedly accused the Bain of investment neither fish nor fowl, such that the ownership structure will sooner or later, Bain's competitors openly joke its present embarrassing situation. Last week, fearing capture family recover GOME 370 home unlisted stores, rise in the market, GOME, against the background of weak stock price performance.

"Two things let Jonathan feel bad mood, 2009 August GOME for shares of the CSA then suddenly the full amount of the subscription, which allow Bain desire low scouring unit; the second is unable to capture subsequent suddenly said do not know the investment agreement.

"Close to Bain Capital will disclose to our.

But after release from prison in cuckoo, Huang family beat a licensing change is through intermediary frequently meet with Bain Capital for communication, many issues a consensus, but the two sides of the issue is still tangled Chen's exit.

Chen Huang's family requirements must exit, Jonathan considers should remain stable management, otherwise the company will step into turmoil. Although unable to talk together, but both sides recognize that softening gestures expand consultations are the most beneficial to each other's way.

At present, it is difficult to estimate Jonathan and cuckoo talks will Bain and Chen of the impact of the Union.

From unconscionable or from internal checks and balances, Bain in the short term won't easily give up Chen. But the United States war essentially commercial interests, which has become the second largest shareholder of Bain, the interests of the shareholder to capture almost unanimously, but hopes the company stability of results and stock price growth. They had to face the differences between the two sides of the focus: Chen. On the surface, Chen has won the victory of the right of control, but the next month the third-party or will step into the very delicate stage.

Maintaining the present situation, in which only lost to 3 percentage points of the tool to capture, can have the opportunity to once again three months after the convening of the extraordinary will turn up.

So not as a last resort, no longer will win fish net, and let the big split, GOME into two GOME. After all it's divisions, to whom nobody will let suning this mutual rival reaping the benefits of Fisher.

But in September 28, Huang guangyu brother-in-law, the former General Manager Zhang Ming GOME in coming out of the special shareholders ' meeting, for the CSA to help naturally also been media speculation as to capture the other cards.

Many analysts believe that if the GOME meritorious veteran Zhang Ming will return, the CSA may not encounter such failures.

Zhang Zhi-Ming joined the United States in 1993, the company was to capture drivers, because of the steadfast capable, breaker, 1997, was promoted to General Manager of GOME, and Huang guangyu rustic huangyan Rainbow married, had been regarded as a hero behind the success of the United States and the soul, but in 2005, due to the interests of galling, start creating tomorrow's real estate co., Ltd.

But close to Zhang Ming's insider magazine revealed that, even if the current GOME in knot, nor is it will replace tool.

"If you want to comeback, Zhang Ming long comeback. In fact Zhang Ming-real estate business a great success in the field he has a lot of real estate projects, in the suburb of he also has a retail value of more than 50 million for Lake House. ”

A GOME management then expressed the willingness and Huang guangyu willingness to negotiate, "he used to do some things that hurt the interests of other shareholders.

So we now do not want him to intervene, and to maintain the stability of our management team. "But the original decision the Commission strategy for the development of the United States, research officer, Deputy General Manager of the new Japanese electric car that only Hu Gang Chen select left, can we truly achieve peace. Major shareholders and Bain need a mutually acceptable of President of the Board of Directors, to ensure that the United States is a smooth ride out the storm, "President Jun Wang Chau or will be the most appropriate person. "Close to King's people said this in sparring remained silent, no wear, but the subtlety quite dark — there is no doubt that the dispute between the United States remains a field full of suspense of outstanding service.