Guomei, Chen WINS dispute to capture 5 motion 4 entries are not

After a long wait, GOME control battle finally stage results.

Yesterday in the GOME Kong Special shareholder meeting, Huang guangyu party "removal tool" 4 motion is rejected, the only additional authorization of the Board of Directors of the "Cancel" this is passed, but Chen party three motions are agreed to.

■ Voting results

Chen Huang guangyu "flooding" fail

GOME special shareholders ' meeting voting results in more formal night 7 points, from GOME President Jun Wang Chau announced.

The major shareholder of Huang guangyu 5 motion, in addition to the "Cancel" on the Board of Directors authorized the issuance of a passage, including the "revocation Chen GOME Executive Director and Board Chairman", 4 replace directors motion is rejected, support at below to oppose rate over the same period last year. In the crucial "revocation Chen GOME Executive Director and Board Chairman" voting, vote 48.11% against 51.89%. While performing a party by 3 motion is passed, the Bain of 3 persons to enter the United States Board of Directors.

It is understood that the turnout at the general meeting of shareholders of more than 80% of the shareholder to capture subject before 35.7% of the shares of support, the only access to 11 million or 6.6% support.

However, although in all 8 motion one only win, but the "Cancel" on the Board of Directors authorized the issuance of such a move could no longer worry about big capture family shareholders are diluted shares. Now, Huang guangyu family holding GOME 32.47% stake, is still a GOME first shareholder.

■ Site live

≫> pre-session

"Media shareholders gathered at the mystery man" is Zhang Zhi-Ming

Yesterday afternoon, GOME special general meeting of shareholders at the Regal Hotel on schedule.

Starting from the morning, the media, but also in the scene dunshou number network media Conference live text. Many journalists the opportunity to get to ask questions, but also to advance purchase GOME stock way "make up" shareholders to enter the site of the general meeting of shareholders.

1 pm, Huang guangyu nominated Directors Zou xiaochun appear in media view.

Prior to this, Zou xiaochun has revealed the mystery will be there to capture the public, but according to the presence of media people, the so-called mystical person i.e. Huang guangyu's brother-in-law, huangyan Rainbow husband Zhang Ming. 2005, has been led by Zhang ming, GOME senior who compete in the market in the United States system popularity is high. Nominated for Huang guangyu huangyan Rainbow served as Executive Director of the United States, a number of organisations that may be obtained huangyan Hong Zhang Zhi-Ming's secretly aided.

≫> questions and answers

Chen said that if the remaining rogue buyout plan

Before the shareholders vote question link, Jun Wang Chau say that no matter how the voting results, the management will remain.

Chen said that he himself would frankly accepted the results of the vote, if the service will continue to strive for the best interests of the shareholders, and will continue to communicate with shareholders. For shareholders asked "If stay is a management buy-out," Chen responded that there was no such plans.

On the question link, Bain Capital Managing Director Jonathan said, "Bain and large shareholders should be friendly consultations, but this does not mean that in every matter are in agreement.

Big goal is the same, there are views on specific issues, we should be discussing "rational manner.

≫> episode

Once out of Hong Kong SFC staff "invited to talk about"

Yesterday at about 3 p.m. GOME completed the general meeting of shareholders, voting, staff will vote sealing, and by third party agencies monitoring the vote count.

The voting is over, there were also an episode. The outgoing message with the media, called Zou xiaochun and huangyan Rainbow after the end of the General Assembly was Hong Kong SFC enforcement division officer invited by the "", and that the cause may be a trend reporting tool to capture aspects of SFC to entice voting interests. However, he then immediately capture to clarify, that someone is deliberately spread rumors, Zou xiaochun, huangyan Rainbow at shareholders ' meetings in the vicinity of tea.

■ Both reaction

≫> Huang guangyu aspects

Reserves the right to take appropriate action

Huang guangyu regard publication entitled the last night of the whole United States shareholders will further enhance the corporate value of collaboration "statement.

Said in a statement: "we believe that the company may be inappropriately using the general authorization as a founding shareholder of diluted and all other shareholders of the investment tool, we generally pleased by the veto. Then, if companies need capital to expand business, need special permission by the shareholders, rather than through the general authorization issuance of shares. This is in line with corporate governance best practices, and to ensure that shareholders have the ability to protect its best interests.

Said in a statement, even though the founding shareholders vote results expressed disappointment, but we still believe that "the United States has long-term development potential, and plan to continue to participate actively in the United States of affairs.

We remain convinced that the lack of a contribution from the founding shareholders, GOME already departed from the rapid and healthy development of the rail and is losing the core competitiveness of enterprises and industry leadership. We are not representative of the Board of Directors of concern remain unchanged. We reserve the right to take appropriate action to protect themselves and other shareholders ' interests. "

≫> GOME management

Strong support for shareholders is pleased

Last night, GOME, also for the results of the vote of the general meeting of shareholders issued a statement that says "for shareholders to provide strong support for consolation."

Said in a statement: "the Board of Directors believes that the company's stability is compatible with all the shareholders, the company's employees, society and other stakeholders of best interests. Therefore, we would like to include our shareholder Mr. Huang guangyu, all shareholders to maintain smooth, effective communication, and welcome all stakeholders constructive suggestions。 For big shareholder and Board of Directors on the company's strategic differences of opinion, the Board hopes that the next five-year development plan and major shareholder further communication and discussion, and strive to work together on the development of consensus ".

Declaration on general authorization rejected the result of respect, "in the future if the company in the future development needs, through the issuance of new shares or convertible securities financing, we will seek shareholder approval."

■ Comments

GOME brand has injured

Current affairs observers Chen Jie people think, in the United States, no matter who wins, who loses, for concerned companies, after a series of strife, GOME brand, management, scale, employee confidence are affected to a certain extent, as a public enterprise, company image, position, the future will become the future managers are confronting problems.

Moreover, yesterday's vote is only a short-term results, as a company shareholder, Huang guangyu, Bain Capital is difficult to reconcile between the still, it is difficult to fathom the future Bain and shareholder relationship.

Fuse is due to poor communications

Capital finance tutor Zhang yiping believes that the fuse of the entire event, as a professional manager of Chen and GOME founder Huang guangyu communication is not clear.

Tool in order to speed up the transformation of the family enterprise, but their means and ways too radical, blind pursuit of speed, personal capacity expansion, and this affects their communication with Huang guangyu. In addition, to capture my style has too many character color, this increase in World War II for GOME dramatic changes.

Zhang yiping, whatever the outcome, Chen I absolutely have the capacity of professional managers.

"From Huang guangyu, as well as institutional investors on Chen's opinion it is possible to draw this conclusion. ”

GOME event came to an end

"At this point, GOME event will officially come to an end, but it can be said to be the curtain is not casual that awaits them there.

"There are unwilling to disclose the names of media commentators, the entire voting process, between voting tool and Huang guangyu has very close, all results are spontaneous, vote for shareholders. "It can be said that investors than we close to reality, in their eyes, the result is the best, so we should believe that all voting shareholders. GOME ”

■ Share price

GOME up 4.62%

GOME Kong market yesterday in eye-catching performance.

First, the afternoon started the high speed rises, anxious up 6.72% to HK $ 2.54. As of closing, GOME up 4.62%, reported transaction 7.65 2.49, HK.

Method, the first research reports released to the unit "buy" rating, meaning their uncertainties elimination will have better performance; given the target price of $ 2.65 to reflect the expected 16.6 times expected 2011, representing a market potential earnings increase of 6%.