China Ip

Brand Crisis behind the contention of GOME Share Control Dispute By Aimee Wang, China IP InDuring the evening of folk 28th, 2010, aint tje Hong Kong kinglike Hotel, the results of the GOME Extraordinary usual encounter ofof shareholders were revealed.came out in Hong Kong imperial Hotel. Xiao ChenChen Xiao Xiao (present chairman of the display panel of GOME) won support andto maintain his current position. While one(a) of the key proposals brought forward by Huang Guangyu HuangHuang Guangyu (tThe major(ip) shareholder of GOME) fray the authorization of the Board of Directors, was approved, which means that any issuing of supernumerary new stocks shouldwould be stubborn by the General Meeting of Shareholders in the future. To some extent, Chen Xiao ChenChen Xiao was the victor,victorious; mean man,r, while at the resembling time, Guangyu HuangHuang Guangyu success in force(p)y consolidatedsteadied hisconsolidated his position as the major shareholder and greatl y lowered the risk for his shares to bebecoming diluted. Another conspicuous fellowship who vie a crucial role in the firm handle was the American Private Investment Company---Bain Capital, whose choice straight off decided the victory of Chen or Huang. As the pernicious kind between Chen, Huang and Bain changed on and on, the future of this battle seems to a greater extent inconceivable.

On September 29th, the opening price of GOME stock was HKD 2.4, fallingell with the valuate of 3.61% compared to the HKD 2.49 of the inhabit trading day. The stock price of GOME continuously dropped to HKD 2.31 on October 8th, 2010. In a sense, the 928 vote was not the difference of this battle. The partiesparties never ceased their subseq! uent actions everhave continued since September 28th. On September 29th, a negotiations waswere held between Huangs representative Du Juan Du (Huangs wife, the center field figure of Huangs party) and Bains directional Manager Zhu Jia Zhu in Beijing. A common consensus among the public was that they wouldwill eventually come up with ato...If you want to get a full essay, order it on our website: OrderEssay.net

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