Wenyao suddenly asked to resign as a major shareholder and management of contradictions caused by the intensification

Commercial newspaper reporter Zengfang Tianxiaoyan Chongqing Business News yesterday, the Shanghai home of the 66-year-old chairman of the Wenyao [Weibo], to age and health reasons to apply for retirement. It is reported that Wenyao in the current board of directors for more than two years, at this time announced early retirement unexpectedly.　　Market speculation, this move or with the big shareholder Ping An group of contradictions intensified. Wenyao resignation pending approval of the Board of Directors yesterday, the Shanghai home of the announcement that the company's chairman Wenyao for age and health reasons to apply for retirement, please board approval.　　Stimulated by the news, the shares of the stock market fell yesterday, the shares reported 48.35 Yuan. Yesterday afternoon, Shanghai home to the chairman of the Wenyao to apply for retirement on the official microblog issued a statement said, the current company operation is normal, will be in accordance with the norms of listed companies to hire the new chairman as soon as possible, this seems to imply that the Wenyao leave has become a foregone conclusion. Interestingly, Shanghai home then updated the statement, will "the company board of directors will be in accordance with the requirements of corporate governance norms, as soon as possible to lead the company board of directors and the future development of the Chairman."　　The remark was removed. Shenzhen Oriental Harbor Investment Management Co., Ltd. but bin [Weibo] said in an interview, the current Wenyao just apply for retirement, but also need to pass the board approval. When asked whether things had changed, Bin said, this needs to look at the Shanghai Sasac, Ping An trust and the fund side of the attitude. "The Shanghai Household is the fund heavy storehouse stock, at the end of the first half fund shareholding ratio exceeds 40%, the big shareholder only has 27%." If the fund can unite, it will play an important role both in Wenyao retirement and in the choice of the new chairman.　　Ping An group related personage said yesterday, the new chairman of the issue of the candidate is not clear, everything to the public announcement of the company shall prevail.　　The interests of the big shareholder's inner-fight are irreconcilable. For Wenyao's sudden resignation, market participants speculated that Wenyao issued a retirement notice or this May with the big shareholder Ping An trust between the "infighting" upgrade version. Information shows that this year, the 65-year-old Wenyao in Shanghai, the term of office of the Board until December 18, 2015. But in May of this year, the personnel struggle between Shanghai's real control person Ping An trust and chairman Wenyao has been made public. May 13, Shanghai Home Group Bulletin, due to alleged "external accounts" and "Treasury" and other illegal issues, the large shareholder ping an trust to remove Wenyao Group chairman of the post. Subsequently, Wenyao through micro-blog said there is no violation, and shelling large shareholder peace Trust "selling assets." In the end, with the intervention of the Shanghai Sasac, the two sides silenced the "truce".　　4 months later, however, a piece of paper broke the seemingly placid "lake". Pihai, a prominent commentator, told reporters that the interests of major shareholders and management were irreconcilable and were the main cause of the incident.　The large shareholder Ping An trust is hoping to push up the stock price to facilitate the present; But the Wenyao-led management tries to move into the new business sector, and the benefits are not immediately apparent, fuelling the contradiction between the two.　Analysis of business focus still long-term strategic fear of change in recent years, the Shanghai Household Performance growth year after year. 2011 After the completion of restructuring, 2012 Shanghai home to achieve 4.5 billion yuan operating income, the year-on-year growth of 25.9%, net profit of 610 million yuan, an increase of 70.1%.　　In the first half of this year, Shanghai home to achieve total operating income of 2.75 billion yuan, an increase of 17.4%, net profit of 490 million yuan, an increase of 35.9%.　　Even after the fall of yesterday, after the Shanghai home after the price is also up to 244 yuan, the listed company's total market value of 32.5 billion yuan, can be called a A-share market model students. Will Wenyao's retirement change the pattern? Letter Tatsu Securities related people said that the management changes in the company's valuation will have a certain negative impact, but the Shanghai home to the Super brand Bai Cao Set as the focus of the operation will not change.　　In addition, the Shanghai family through the introduction of new products, and further improve the brand system, and infiltration into the baby, cosmetics franchise stores, electric dealers and other blank areas, the development prospects are broad. But bin also said, Ping An trust now need to deal with carefully, can only let Shanghai home to a higher level, otherwise will be spurned.　　However, the contradictions between Wenyao and Ping An trust mainly focus on the development of the fashion industry, and asset disposal issues, which means that once the Shanghai home is really easy to handsome, long-term strategy will change the bureau. When asked if he would reduce his share of Shanghai's home ownership, Bin said he intended to hold on to the situation.