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    Gome: The Storm Has Not Subsided.

    2010/12/18 10:07:00 63

    Gome Storm

    Gome (00493.HK) voted for three extraordinary resolutions in December 17th at the special shareholders' meeting.

    The results of the three resolutions were: the maximum number of licensed directors increased from the current 11 to 13, and the support rate of 97.74%; the appointment of Zou Xiaochun as the executive director of the company was supported by 93.28%; the appointment of Huang Yanhong as the non-executive director of the company received 92.74% support rate.


    The turmoil in the United States and the United States has come to an end.

    Zou Xiaochun, founder of shareholder Wong Kwong Yu, said, "Founding shareholders will continue to maximize the interests of all shareholders in compliance with the goal of making enterprises develop faster and better."


    Gome management said, "the directors who represent the majority shareholders join the board of directors, so that the company's future development strategy can be fully discussed at the board level and agreed on decision-making.

    Next, we will build a stronger and more profitable company, which is in the best interests of Gome and shareholders. "


    Gome insiders and people close to Gome remain skeptical about the future development of Gome.

    A person close to Gome said Zou Xiaochun, as an executive board, was involved in the daily management of Gome. Although the main shareholders and management objectives are consistent, there will still be major differences in the specific operational level, and the internal management dispute has just begun.


    A Gome insider said that the share of Gome shares held by the Wong Kwong Yu family is still very large. Bain is just a financial investor. Gome lacks the second largest shareholders in real strength to check and balance major shareholders.

    Chen Xiao will definitely leave Gome in the future, and Huang will eventually return to Gome.

    Before the vote of Gome special shareholders meeting in September 28th, Chen Xiao said in an interview with reporters, "we will choose the right time to leave Gome in the future".


    The result of the vote shows that there has been a temporary compromise between Gome management and major shareholders. But when Chen Xiao will leave and Chen Xiao will leave the management team, what kind of fluctuation will remain unknown? This will affect the future direction of Gome.

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