Saturday, November 27, 2010
Gome Communication may also change the board structure.
<P> Away from the media spotlight, and the resurgence of fierce "war of words", the Gome and large shareholders (Huang side) a negotiated settlement of the news seemed so sudden. .</ P> <P> 11 ζ 10 evening, Gome's announcement that the upcoming extraordinary general meeting (16 November), hoping to get shareholder approval, the appointment of Mr. Zou Xiaochun served as executive director, Huang Yanhong non- .Executive Director. .Obviously, the listed companies are major shareholders take action to meet the requirements of the country looks the vigor of the United States seems to be recovering. .But sources said, the United States for the domestic home appliance chain if you want heavy, "the boss", the board and major shareholders will have some tough negotiations. .</ P> <P> demands of restructuring the Board to reach </ P> <P> 11 ζ 10 evening, Gome's announcement that the upcoming extraordinary general meeting (November 16), the hope to obtain shareholder approval .the appointment of Mr. Zou Xiaochun served as executive director, Huang Yanhong non-executive directors, term of 3 years from the end from the date of the EGM. .</ P> <P> the same time, shareholders in the company's forthcoming extraordinary general meeting approved the appointment of Zou Xiaochun Huang Yanhong appointed as Executive Director and the premise of non-executive directors of listed companies also entered into a memorandum of understanding with the Shinning Crown proposes to extend the Board and .proposed Memorandum of Understanding on the appointment of directors. .Zou Xiaochun was nominated as its Board of Directors and Executive Committee members of the Nomination Committee, Huang Yanhong was nominated for the board under the Remuneration Committee. .</ P> <P> Some analysts said that while Zou Xiaochun Dong and Huang Yanhong into the general meeting of shareholders need to be passed, but the relevant parties to negotiate in terms of equity ratio (both held by Gome about 50% of the total share capital), adopted by the .the difficulty is not great. .</ P> <P> "Zou, yellow" were major shareholders and the press spokesman Zou Xiaochun Huang Yanhong Huang sister, the two parties are major shareholders strongly promote the "re-board," the key, and this finally get to the .. .</ P> <P>, however, and Huang Yanhong Zou Xiaochun not all executive directors, which does not require prior shareholder agreement. .In this regard, the major shareholder explained, Zou Xiaochun as the Executive Director will participate in the daily operations, Huang Yanhong as a non-executive director remuneration committee will also recommend the company's strategic development. ."This selection further realization of the Board of Directors of the balance of power." </ P> <P> It is understood that the existing composition of the board of directors, including executive director of Chen, Wu Jianhua, Wang Junzhou, Weiqiu Li and Sun Yi-Ding; non-executive director Jonathan Zhu, Ian Andrew .Reynolds and Wang Li Hong; independent non-executive director Sze Ping, Chan Yuk Sang and Thomas Joseph Manning, together with Huang Yanhong Zou Xiaochun stationed, the current major shareholder of respect on behalf of the Board of Directors only Zou Xiaochun, Huang Yanhong, Wu Jianhua three, still slightly weaker than Chen aspects. .</ P> <P> However, the memorandum of understanding on the fate of Chairman of the Board Chen did not mention the issue. .Informed sources have revealed: "Since '9 * 28 'to determine Chen remain the majority shareholder side is also aware of the changes in the situation (ie, Chen can not leave immediately), but also a change in its strategy." Restructuring the board's most important future .things to say. ."The spokesman said the major shareholder side. </ P> <P> also informed sources, the two sides can seek common ground, the future may also have changed the board structure. As for how to change, when change is not known, but according to .requirements of listed companies, in June 2011 or so, shareholders will be held fixed, the directors discussed the issue of rotation. </ P> <P> game stores to non-listed "power" </ P> <P> "Restructuring the Board is .starting point, large shareholders 'package' programs have been a whole through is the key. ."Zou Xiaochun told reporters say so. I understand and Huang Yanhong Zou Xiaochun, after the board of directors," States United States the future business development strategy, the founding of the unified management of non-market stores, "the two issues discussed will be the next major content of the two sides. < ./ P> <P> in the United States on the future business development strategy, according to Chen's program, emphasis on effective expansion, rather than simply the pursuit of the number of stores. in his goals, the United States in 2014 to be effective will reach stores .2000, sales volume of 1,800 billion yuan, the annual growth rate of around 15%. </ P> <P> but the major shareholders do not agree, the more emphasis on the expansion of stores, especially the development of its proposed network of sales .programs are directed at rival Suning Appliance (002024, SZ). One, "to strengthen the company's logistics, communications systems, improve supply chain systems, in ensuring the company a leading position in the first-tier cities, while strengthening the second and third tier cities in the retail .network "is the core content. </ P> <P> But experts said that as the United States to achieve" market leader "is the common goal of both the optimal development strategy of the company divided on the issue easier to resolve. and the other large .issues (non-listed business into listed company), as long as into the successful development of the company may also be attributable to the scope of optimization. But the question is how to incorporate. </ P> <P> "but the process does not seem so easy!" a .analyst position not to be named, said non-listed business and how to incorporate the company's future development is how to surface problems, the nature of the internal power game, or board of directors. </ P> <P> It is understood that the two sides on this issue .significant differences, a listed company hopes to acquire non-cash assets listed stores, and large shareholders are more inclined to regard Gome stores into the shares. the two programs is that the future core of the problem of power within the board game. < ./ P> <P> major shareholders in the letter to reporters, said his group has no intention to terminate the listing part of the United States and entered into between non-listed part of any existing agreements within the Group and will continue to comply with terms of the agreement. but .still insisted that major shareholders will also retain non-listed stores are split and re-draw the right to hold a special shareholders meeting. </ P> <P> a good start with a good result and that no causal relationship, the United States if you want to return to .industry-leading position, can throw away the key differences between the two sides. </ P> <P> present in terms of sales revenue, net income or market value of the point of view, Suning are far more than the United States. The United States two years .The stock is basically marking time, Suning will have more than doubled. </ P> <P> the analysts also said that if the States United States does not resolve the power struggle within the board and the board has a stable framework .back to the first industry are just a dream. </ P>.
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