3 large trusted return control of the shadow board of directors Gome Huang Guangyu - Huang Guangyu, Gome - HC network appliance industry-hc360

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Huang Guangyu

"Accident", the country led the U.S. to Chen Xiao management had to "remove yellow color on the company of individuals," as the top priority, and to this end the introduction of equity bidders. However, this hurt the interests of the Huang family practice immediately lead to conflict shox vc

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Business no longer Huang Guangyu, but the country by the United States also appears to steer.



2009 5 31, there is a reliable source, large-scale foreign capital in the bidding country Jijinbeien U.S. Holdings Limited ("GOME") 20% stake in the negotiations, the progress of the most successful, it will be a 5 100 million U.S. dollars to buy 20% stake in the latter. Allocation of seats on both sides has entered a board discussion session, and believe it can publish the results.



After the printing of rumors, Huang Guangyu events to break the company's troubled state and the number of U.S. buyers to conduct consultations on the sale of shares, including private equity funds KKR and currently holds a minority stake in China's Hua Pingji U.S. gold, etc. . Cazenove Asia Limited and NM Rothschild & Sons (Hong Kong) Limited, was co-chaired a national consultant on matters relating to the U.S. equity sale. But the Bain Capital's win, the industry found serious accidents.



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IT

Time magazine, "learned that Bain Capital is not a country of choice for the U.S. equity buyers, but compared to other buyers, it has a controlling stake in Gome Huang Guangyu has made the issue of compromise?? Not dispute the right of holding, so to reverse the original adverse negotiation situation. Informed source who asked not to be named, said the arrival of Bain Capital, or to ease the country's current predicament the United States, but it's a compromise has been completely changed the original intention of the negotiations.



"No one can be sure that this incident will not become the future development of a country the United States 'bomb'!" He says.



Intent of selling



As a result of the first delivery of goods

Sell

After a period of time to bank acceptance bills receivable to the mode of operation of clearing firms, banks and suppliers GOME credit supply in the Huang Guangyu after the incident, from November 2008 after 20 become very cautious, which seriously affect the States United States the normal operation.



Order out of the plight of the country at 300 billion the U.S. has a large single-sourcing to stabilize the supplier, and suppliers to include "to improve the billing cycle funds," including a series of comfort measures. Up January 18, 2009, the Hong Kong Stock Exchange announcement, officially resigned Huang Guangyu of GOME Group and its controlled subsidiaries of the director, from Chen Xiao as the new Chairman and Chief Executive Officer.



"States United States trying to tell the market, Huang Guangyu, after leaving office, there is no need to worry that he will have adverse effects on the company. However, some simple idea." Including

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Experts, including Liu Buchen, some analysts believe, Huang Guangyu and his wife were holding the country cuckoo about 35% stake in the U.S., can still the largest shareholder with about corporate decision making. Fundamentally discourage investors, banks and suppliers of concerns, the United States to regain their confidence in the future the country, it must as soon as possible to maximize the color dilution Huang Guangyu. In order to achieve this objective, we can only reduce the proportion of yellow stake.



"In fact, the new management of the country the United States also has long co-ventilation, agreed to change the above." GOME insiders, in December 2008, the National United States has been negotiating with several domestic and foreign institutional investors sold shares of matters. Just because it has been secretive, leading to the industry there are several versions of completely speculation.



Way of saying that the country the United States plans to sell to investors up to 20% of the shares, the stock price when its suspension 1.12 HK dollars, about 30 billion. Once the transaction is successful, Huang Guangyu and his wife, the country held by U.S. equity rhododendron will drop to about 15%, and thus lose the largest shareholder; another way of saying that 20% of the country the United States intends to issue additional new shares to achieve financing and Huang Guangyu equity dilution. Another view is that Gome will issue additional shares in two