China Ip

Brand Crisis behind the Dispute of GOME Share Control Dispute
By Aimee Wang, China IP
InDuring the evening of folk 28th, 2010, aint tje Hong Kong Regal Hotel, the results of the GOME Extraordinary usual encounter ofof shareholders were revealed.came out in Hong Kong Regal Hotel. Xiao ChenChen Xiao Xiao (present chairman of the display panel of GOME) won support andto maintained his current position. While one(a) of the key proposals brought forward by Huang Guangyu HuangHuang Guangyu (tThe major shareholder of GOME) â€" fray the authorization of the Board of Directors, was approved, which means that any issuing of supernumerary new stocks shouldwould be stubborn by the General Meeting of Shareholders in the future.

To some extent, Chen Xiao ChenChen Xiao was the victor,victorious; meanwhile,r, while at the resembling time, Guangyu HuangHuang Guangyu successfully consolidatedsteadied hisconsolidated his position as the major shareholder and greatly lowered the risk for his shares to bebecoming diluted. Another conspicuous party who vie a crucial role in the whole handle was the American Private Investment Company---Bain Capital, whose choice directly decided the victory of Chen or Huang. As the subtle kind between Chen, Huang and Bain changed on and on, the future of this battle seems more inconceivable.




On September 29th, the opening price of GOME stock was HKD 2.4, fallingell with the rate of 3.61% compared to the HKD 2.49 of the inhabit trading day. The stock price of GOME continuously dropped to HKD 2.31 on October 8th, 2010. In a sense, the 928 vote was not the difference of this battle. The partiesparties never ceased their subsequent actions everhave continued since September 28th. On September 29th, a negotiations waswere held between Huangs representative Du Juan Du (Huangs wife, the center field figure of Huangs party) and Bains Directing Manager Zhu Jia Zhu in Beijing. A common consensus among the public was that they wouldwill finally come up with ato...If you want to get a full essay, order it on our website: Orderessay



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