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split Gome Huang Guangyu family and for Bain, it will be a lose-lose outcome. September 28,Ugg Boots, after the EGM, it is the cuckoo, and Jonathan Zhu reached in the many communication agreement.

to 372 stores are not listed as a bargaining chip to negotiate a restructuring of the Huang family, Gome Board of Directors. Places the existing board of directors to expand from 11 to 13, two additional directors from the Huang family, is a Bain and even I can accept the way Chen.

extension 9? 28 times before the AGM the results of the negotiations, away from the spotlight after, this is a more secretive way the interests of the game, is the azaleas and Jonathan Zhu opposite of two people.

reporter Lei Lang Rounding Guangzhou, Beijing reported

a secret negotiations are

successfully escaped the media spotlight after the civil war in both countries the United States negotiations finally began.

10 15, one of Gome (0493.HK) insider told this reporter that \Gome Chairman of the Board) on behalf of Chen and Huang family, rhododendron, Huang Yanhong, October 14 in Beijing to start a new round of formal negotiations, and that the two sides have reached a consensus. \On the same day, a Huang family have also confirmed to this reporter, National Day, the azaleas and Chen has been kept in frequent contact.

372 Gome stores are not listed in the November 1 separated from the listed companies, as well as Wong Kwong Yu family on behalf of the Board by the manner in which access to Gome, azaleas and Zhu Jia is a secret in this negotiations of the two issues. This person said that, at present, two major issues in the negotiations both sides have made certain concessions.

stores are not listed consensus

The source told this reporter that \, the stripping means that the 370 stores will be operating may temporarily stop, so early in the negotiations, both sides reached a non-listed stores do not peel the consensus. \Japan, Gome announced that it received on August 27 company owned and controlled Gome (non-listed stores) and Huang letter sent to the family. The letter said that if the Huang family of 4 August the five proposed motion on September 28 a special general meeting of shareholders held all been adopted, would terminate the listed companies and non-listed part of the management agreement between the termination of trusteeship .

8 30, Gome Huang Guangyu, the Board of Directors to the family sent a \will be held October 31, 2010 termination of the unconditional implementation of relevant agreements, your company on November 1, 2010 management of non-listed companies from their own business. \Unlisted store is not peeling, is a win-win option for both sides. It also marks, Huang family has started to recover sensible cooperation. In fact,ugg snow boots, the first family of Huang Guangyu, also not really want to peel this part of the store, because they do impossible in the short term to find a suitable management personnel, time, just to intimidate investors achieve their goals in the absence of, you naturally want to solve the problem through negotiations. \Huang Guangyu,Cheap Ugg Boots on sale, a family-owned stores are not listed Total 372. First half of 2010, this 372 is not listed stores,Authentic ugg, total sales of 9.617 billion yuan,Ugg Outlet, and 740 stores listed, the combined sales of 24.873 billion yuan. Unlisted number of stores to 50% of the listed stores, sales of only 38.66% of stores listed.

It is reported that during the Golden Week in November,new ugg, non-market stores and more than 10 new stores opened,moncler polo, and that sales revenue grew by 50%,Uggs Paris, while medium and large electrical appliances increased revenue is 87%, perhaps, a good performance also made the family aware of Huang importance of cooperation with the listed companies.

these people said that in negotiations after the Golden Week, Gome Board of Directors has gone to the upper hand, because of listed companies, unlisted stores stripping, the loss of only part of the profits will not beating.

However,moncler k2, Huang had said the family side, it has no listing for the self-management store ready.

controversial board seats

and 14 at start of formal negotiations, the two sides of another hot topic, is the director of Gome candidates for the Board of Directors.

the sources told this reporter that \executive director candidates, and Huang family has made some concessions, for the structure of 13 directors, said the accreditation (no longer required to replace existing directors ),Moncler Outlet。\including, Zhu Jia-Ming Beien other three non-executive directors, Chen, Wu Jianhua,Moncler Online, Wang Junzhou, Weiqiu Li, Sun D, etc. A 5 executive directors and three independent directors. Previously, Huang family has repeatedly said, \a sharp contrast. \

\sources, Huang family can make a clear need to find a candidate acceptable to the Board of Directors in order to break the ice. In the ensuing negotiations, the candidates for directors, the two sides will still be the focus of controversy.

As for the fate of the individual problems Chen, Huang family in the negotiations, although still adhere to the \leave, and agreed that \

But the emphasis on the reporter who said, \the decision of the General Assembly. \The two sides failed to reach agreement.

for previously on \If the performance of the company down, President Chen may choose to leave, but the current performance of sustained growth, President Chen to leave, do not meet requirements of shareholders. \more effort will shift the operating results of Gome. Prior to that, in view of the strong performance of rival Suning, Bain had also asked Huang family, Chen was represented on the Board of Gome's \

9? 28 votes mystery

on September 28 after the extraordinary general meeting of Gome, the \9? 28 vote of the judge.

the voting results on the day after the publication of a person from foreign institutions will be said that the results are not surprising. In this person view, although the Huang family and the many Bain before the vote failed to reach a final settlement negotiations, but the two sides on certain issues or to reach a consensus, and this is the final decision of the September 28 results of the vote.

10 15, Gome Huang Guangyu family and the board are confirmed to this reporter the news of the two sides are secret negotiations.

In fact, the basis for further negotiations the two sides in September 28 has been reflected in the voting results. At that time, from Bain Capital for the appointment of two directors,moncler jacket, Wong Kwong Yu family some of the votes cast, but in exchange, Bain may also be on the \

of power

in September 28's vote, Huang family, and Bain, Chen camp, what is the balance of power?

as of September 22 last date of record, held by major shareholders 5,417,ugg outlet store,000,000 shares Huang family, public support for Zheng Jianming Huang family, individual investors held 360 million shares. Before the vote, Huang received the support of the family identified as 5,777,000,moncler store,000 votes. The Bain holds 1.665 billion shares, while Chen was a close follower of Bain,UGG Paris, Chen himself and concerted action held a total of approximately 835 million shares.

In addition, 754 million shares held by Morgan Stanley, JP Morgan held 916 million shares, they, like Bain are institutional investors, consistent with the overall interests, but also competition. In this vote, Morgan Stanley and JP Morgan Chase is the biggest uncertainty.

Gome has been released taking into account the total of 16,686,000,ugg boots online,000 shares of stock, and September 28, the final vote for the 13.53 billion shares, the voting rate was 81.23%. It can be converted out, in the final vote, the parties have clearly has the support rate.

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