Chen leaves Gome without compensation for yellow House

Source: Internet
Author: User
Keywords Chen Xiao away shareholder
Tags analysts close closing closing price desktop gome how much listed companies
Accident! Mr Chen left without a yellow home compensation for yesterday's closing price, Mr. Chen owned Gome shares of HK $580 million Ma Xiaofang after nearly a year of turmoil, Gome (00694.HK) Chairman of the Board of directors Chen Xiao finally chose to leave.  In the seemingly large shareholder of Gome behind the overall victory, many analysts speculated that Chen left, perhaps with major shareholders have reached the "desktop agreement." If so, how much Chen Xiao's compensation should be the focus of all parties concerned. However, yesterday, a core source close to Huang's family, the first financial daily reporter made it clear: "Huang's family did not give money!"  The person said that because he was not a member of the company's board of directors, not too familiar with the company's situation, but to be sure, Huang's family did not give money. The reporter then to the gome spokesperson to understand the situation. The other side said that if the listed companies need to pay compensation, the board will need to vote and pass, and then issued a notice. As far as he knows, there is no such situation now. "This is the decision of Chen and the board of Directors.  "According to this, Chen's departure, in addition to his original holdings of Gome shares, through the last year's struggle has not brought himself any" value-added. "  Mr. Chen was not contacted yesterday, and no comment was received. There are rumours that Chen and Huang's family dispute originated in the prison of Huang Guangyu and Chen on their hands on the transfer of Gome to reach an agreement with the price of HK $3/share purchase.  But, according to the big shareholder's view, Chen Xiao originally already agreed, but suddenly reneged, eventually led to big shareholder in "radical" way, direct letter to listed companies.  However, the above statement has not been confirmed, the reporter consulted before the data found that major shareholders in August 2010 to the media issued a "Chen Xiao a person's strategy." Large shareholder agent once said to the media: "In fact, Huang Guangyu family proposed a high premium acquisition of nearly 200 million shares in Chen's hands, Chen Xiao has no objection, but in addition to leasing special compensation, Huang's family conditions for the condition Chen not accept."  "Although there is no textual research on the compensation in the two sides of the dispute, but from the final results, the two sides" fighting "behind the issue of compensation has also been dismissed. According to the information found by the Hong Kong Stock Exchange, as of July 27, 2010, Chen Xiao owned 208061228 shares of Gome, accounting for more than 1.38%, although gome stocks rose yesterday, but in accordance with the closing price of HK $2.79, Chen Xiao's hands of the shares worth about HK $580 million.  However, the HK $2.79 share price is still a certain gap from the 3 Hong Kong dollar/share proposed by the original Huang. Chen's departure should be the end result of both sides ' compromise. December 2010, Gome special shareholder meeting, the Gome Board of directors from 11 to 13 people, Zou and Yanhong into the Gome board of Directors. It appears that major shareholders and Chen reached a settlement, but at this time the two sides should have reached an agreement on Mr. Chen's departure. Among them, Bain Capital and so onThe will of the capital party has also played an important mediating role.  In addition to Chen, other gome executives have already been prepared for today's management changes, which can also be a glimpse of the current Gome management's attitude to a one or two. According to the SEHK, Wei Qiuli, the vice president of Gome, had sold Gome 6 times in 2011, selling about 7.744 million shares, and its stake fell from 0.11% in January 10, 2011 to 0.09% of January 13, 2011.  Chief executive Sun Yiding also sold 3.25 million shares two times, with a stake still below 0.06% per cent. By contrast, since the Gome "9 28" shareholder meeting, JP Morgan began to gradually buy gome shares, the proportion of which has risen from September 16, 2010 4.95%, rose to February 14, 2011 6.05%, equity accounted for more than 11.06% of Bain Capital.
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