The two authoritative investment advisers have been very strong against Huang Guangyu

Source: Internet
Author: User
Keywords Investment advisers strong two
Ann from Shanghai, September 14 afternoon news, Sina Finance exclusive learned that, following the authoritative independent investment adviser Glass Lewis made a statement in support of the Gome Board of directors and opposed to Huang Guangyu proposal, another authoritative shareholder vote consultant ISS also made the same statement. "It is recommended that shareholders vote for Mr Chen and Mr Sun Yiding to oppose Mr Shaochun and Huangyanhong, the candidate for the nomination of Mr. Huang," the ISS said. The consultancy also expressed support for the re-election of Bain's three directors.  However, it has always been the policy of ISS not to recommend the granting of more than 10% general mandates. Yesterday, Glass Lewis, the authoritative independent investment adviser, made the same statement: The proposal that shareholders vote in each motion supports the current management, supports Mr. Chen and Mr Sun Yiding, and opposes Mr Huang's nominee, Mr. Shaochun and Huangyanhong.  The consultancy also supported the re-election of Bain's three directors and supported the general mandate given to the board by the shareholders ' general meeting, and the flexibility to maintain new offerings. ISS considers: Resolution 1, 2, 3: "Bain clearly has a significant contribution to the development of the company's five-plan plan, and reducing the Executive Director's seat will be beneficial to the board ...", resolution 4: "... We are not sure why Huang (Guangyu) supported the general mandate in May 2010, but subsequently asked the company to revoke its mandate. ISS usually supports only the cumulative issuance of new shares limited to 10% or less of existing issued shares. "From our communication with management, we understand that management believes that maintaining a general mandate and enabling companies to have the flexibility to finance their operations and capital expenditure is critical to the company." However, ISS has always maintained that such a general mandate, if exercised, would materially stall the shares of the company's shareholders.  ISS said. ISS said that resolutions 5, 6, 7 and 8: In the course of making recommendations, taking into account the following: 1. The specific five-year plan proposed by the existing management; 2, Zou (Xiao Chun) proposed that the corresponding plan is not better or more convincing than the fact that the company proposed plan; 3, if Chen (Xiao) and sun (a ding)  The fact that the composition of the board of directors will be changed substantially as a result of the cancellation of the director's seat; 4. Huang Guangyu's action against Bain directors damages the interests of the company and all shareholders.  Based on these considerations, ISS advises shareholders to vote in this way-in favour: Resolutions 1, 2, 3, 4; Objections: Resolutions 5, 6, 7, 8. Gome September 28 will convene a special meeting of shareholders, Wong Kwong Yu's motion to vote.  At present, the chairman of the Gome board of Directors Chen Xiao and the key figures of Huang Guangyu Camp Shaochun have arrived in Hong Kong, through various means to win the support of institutional investors, the industry believes that the two reports will affect the voting intentions of some institutional investors. Yesterday, Huang Guangyu responded to Glass Lewis's report, saying that Glass Lewis's report was regrettable and thought it was just opinion. Mr Huang said the controlling shareholder was preparingDetailed information on the reasons and grounds for canceling the authorization, dismissing the directors and chairman of Mr. Chen and reorganizing the board of directors.
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