GOME controversy Chen Sheng November 1 the separation of the former United States faced

Yesterday (28 September), fierce fighting in the last two months of the dispute over control of the United States.

The major shareholder of Huang guangyu 5 motion, apart from the issue and revocation of dispensing and sale of shares in the United States generally agreed, the remaining four proposals involving dismissals have been deprecated.

Huang guangyu publicist to respect national business news, cancel the directional add-issuance license, which is equivalent to "will the knife tool in the hands of the captured", which is extremely beneficial shareholder of the future.

"The separation is inevitable," Huang guangyu, spokesperson, the founding shareholders before a decision, if 5 motion is passed, will put the 370 home non-listed locations.

At the same time, GOME management on August 30, also to founding shareholders sent a letter, called before 1 November, 370 home non-listed shop unconditionally. This also means that, if no further agreement, 1 November, two "GOME" will be born.

GOME control, maybe both sides are not a winner, the real winner is its largest competitor, SUNY.

Huang guangyu 5 motion only 1 item

7 last night, GOME President Jun Wang Chau Chair, then announced that the extraordinary general meeting voting results.

In 8 motion, motion 1, 2, 3, 4, and motion for Division is carried, 5, 6, 7 and 8 were defeated. Jun Wang Chau in the results and announced huangyan, then quickly shake hands with the Rainbow.

A bit closer to the United States, the Board of Directors on the results of the vote concerned, very happy.

The Board of Directors in the United States sent to reporters in a statement, said the company's stability is compatible with all the shareholders, employees, society and other stakeholders of best interests.

Huang guangyu aspects from the declaration indicates that the founding shareholders expressed disappointment at the result, the plan continued to participate actively in the United States related affairs.

GOME has deviated from the rapid and healthy development of the rail, is the loss of competitiveness and the industry, the major shareholder of unrepresentative of the Board of Directors of concern remains unchanged, it will retain the right to take appropriate action to protect themselves and other interests of the shareholders.

However, the CSA felt pleased that general authorisation is cancelled.

"Before the investment advisor that does not support the general mandate of this motion, but this does not mean that no issuance of new shares, which is the issuance of new shares to convene a general meeting of shareholders approved. "The proximity of the GOME have pointed out that the Board of Directors.

The two sides still stand, but may not ease.

National business news reporter noted, Bain Capital of three directors to be appointed as non-Executive Director, Bain Capital's Managing Director Jonathan 94.26% pass rate, which means that shareholders have voted in favour.

1 November GOME split in two

"For us, the next appears in two situations.

"Close to capture people from told reporters that as early as 30 August, the major shareholder is received with regard to the tool, called the largest shareholder in November before January 1, 370 home non-listed shop unconditionally.

This also means that, if no further agreement, 1 November, two "GOME" will officially born.

By then, the non-listed shop management team and procurement, logistics, etc., will split from GOME in listed companies. Two "GOME" to the war situation appears.

It is understood that during the first half of the 374 home non-listed retailing revenue 96.17 billion yuan, Shanghai all GOME stores for non-listed, the remaining non-listed shop is located in Jiangsu, Hebei and third line cities and regions.

The first half of the GOME sales income of listed companies, 740 248.73 million stores. Previously, non-listed store managed to listed companies, bringing the 2009 2.2 billion revenue company.

Appliance specialist liubuchen believes that the future will appear chain enterprises third pole — non-listed GOME.

Providers will face two management teams, two "United States" or even a price war.

A bit reluctant to anonymous large domestic electric appliances manufacturer executives in the business news interview, said: "this is our wish to see the results.

”

It is understood that the previous GOME thrown Mid-Autumn Festival, national day 300 billion purchasing order, include listing and non-listed in two parts.

"Now the GOME is unified procurement, once divided, then left and hubo," liubuchen said: "However, in the face of greater tool is collecting handle and shareholder relations. ”

A bit reluctant to anonymous people in the industry, says that Chen still cannot be considered a winner's attitude or should sit down and negotiate with large shareholders carefully, to find common ground in the interests of both sides.

To this end, the Board of Directors also indicated that the United States, the Board of Directors is pleased to discuss with Mr WONG, in order to maintain the stability of the company.

Or was rival suning thrown farther

10-minute voting, GOME strife, temporarily hold has been urging "beyond voice of SUNY" in the fairway.

Voting results, press the first contact to many people in the industry, they all think Chen control of "GOME" may become "big Lo".

"GOME split before and suning competition will no longer have the advantage before, this isn't worse?" a bit reluctant to disclose the name of the profession with respect.

August 23, GOME published half annual report shows that during the first half of the net profit of 9.62 billion yuan, an increase of 65.86%.

This lets the GOME satisfactory half annual report, in the presence of many seem inferior to SUNY. Suning appliance half net profit in the first half of the annual report shows that increased 56% to $ 20 billion, a net increase of 134 stores (including 47 County town shop), the first half of the total income rose by 32% to $ 36 billion; store sales grew 23%, net profit year-on-year increase of 56%.

Try

Tube GOME executives said, GOME in home appliance retail industry remains the oldest, but Huang guangyu, pointed out that this statement deliberately emphasizes income growth data, but avoids the most critical comparison of market share. In the administration of this tool for some time the United States, the United States has led to massive clearance shop suning's effective entry, closed more than 300 stores, means giving up over 300 great circle of life in the future.

There are people in the industry also pointed out that in mid-2008, suning revenue overall for the United States (including the United States market, non-listed, large) 70.09%; now, suning income reached GOME 96.37% of overall revenue.

And in profit, GOME 9.62 billion, suning has reached 20 million, as a result, the "day of the next year, the United States will be very sad. ”

"There is no doubt that the United States to catch up with suning, Huang guangyu greater confidence than Chen.

Now, it goes without saying. "Original GOME decision-making Committee development strategy Research Office, Management Division and President of the Office, now Jiangsu new day electric vehicle co., Ltd. General Manager Hu gang on national business news.

"The United States began to lag behind the SUNY, mainly did not grasping the nature of the industry's development and expansion of rhythm.

If you still managed by the tool, if you want to catch up with suning almost enough for hanging. "Shanghai Jin Jing communication company CEO said, stone chapter only adept at fine management tool, not good at Happy Valley ring-expansion and structured business development. Just like those of Yongle, out-of-the-box store in Shanghai are doing quite well, once imported, new development and new stores are operating very difficult, or even many losses. ”

Expert comments

Remain in Office after having 5 tool required Road off

GOME control battle is not over, and will result in both the United States.

To this end, the expert's opinion, there are pessimistic, and optimistic, think from GOME a single shareholder development to future possible "Tripod" situation, the Chinese household electrical appliance industry in upstream and downstream healthier development may not be a good thing.

Appliance specialist liubuchen said that in any case, the shareholder on GOME management team cuts are inevitable, GOME Board members and senior management team should strive to eliminate such barriers, "spirit of contradiction is the most difficult to eliminate, as long as this problem is not resolved, the United States also will be the turbulence of the United States.

”

Liubuchen on Chen were presented to him to put the next to be done, everything is not easy.

First of all, no matter who came to reassure, GOME unrest has to management, investors and society brings a lot of instability.

Despite the large shareholders repeatedly expressed before, never and the present management team have contradictions, resentments, but they've got a cracking after all, the crack may not be expressed on the surface, but still need to cover.

Second, the national day will come, then there are also new year's day and new year, this is a household electrical appliance enterprises a year when the most important.

"When the GOME throw $ 30 billion purchase orders, suning brought out 360 billion in market competition will become more intense. For now this voting results, how to complete the work before the United States is a major challenge. "Liubuchen worries.

Third, the United States ' image in the community also has a "Division of the United States", a brand image is the moment of loss, but image project construction requires a lot of time.

Fourth, the governance structure of the country now must be reasonable, it would not be such a scramble.

"Huang guangyu as shareholder and founding shareholders, his interests and small shareholders how equilibrium, this is the United States in the governance structure with a pressing issue. "Liubuchen pointed out.

Fifth, "the two sides to a five-year development plan are more radical.

GOME is now is already a fact SUNY catch, Chen will run much faster, it's easy to make a rash of error, open a shop.