Jumei.Com'S Two Joint CFO Left The World To Question The Privatization Process Of The Group.

According to the latest news, jumei.com has recently resigned from two joint CFO. For this reason, the outside world is questioning jumei.com's privatization process. Jumei.com's negative news in recent years has been affecting profitability.

After falling into the "low privatization" crisis, investors have been protecting their rights. Jumei.com Negative news continued. In April 2nd, jumei.com announced that two joint chief financial officers (CFO) had submitted their resignations.

According to jumei.com's announcement, two joint CFO Gao Meng and Zheng Yunsheng have submitted their resignations to the board of directors, leaving their reasons for "personal reasons". Gao Meng's resignation procedure came into effect in April 1st, and Zheng Yunsheng left office in June this year.

　 Gao Meng At the age of 35, undergraduate and graduate students attended University of Oxford and later received the MBA degree from Stanford University. Zheng Yunsheng graduated from Renmin University and received a postgraduate degree from Stanford University. It is worth noting that two people all have Stanford University background, and jumei.com CEO Chen Ou also graduated from Standford.

CFO is an important role of listed companies. It controls almost all the financial, business and capital status of the company, and is responsible for a variety of financial management and decision-making. Some analysts believe that joint CFO leaving at the same time may make jumei.com's undisclosed 2015 annual report "dystocia". Others believe that this may be the loss of confidence in the jumei.com's privatization process by the company's top management team.

For the resignation of the two joint CFO, the founder, chairman and CEO Chen Ou of poly America said that he was very grateful to the two people for their contribution to poly America and respected their decision. "I hope they will have a better development in the future."

Background: speeding up the process of privatization in doubt

In February, only a year after listing, jumei.com announced that it received every ADS7 $22 privatization offer, which is far below the offer price of $22, causing a lot of investors' dissatisfaction.

Jumei.com was listed in the US in May 16, 2014. Its highest price on the first day of listing was $28.28, closing at $24.18, and its market capitalization was close to $3 billion 400 million. Since then, jumei.com's stock price has been good, has maintained high, and reached the highest value of $39.45 in August 18th of that year.

However, in the past year, poly US shares continued to fall and fell to $12.15 in January 15, 2015. Before the privatization news release, poly US shares were priced at $5.84.

It is understood that privatization of the buyer's consortium, including jumei.com CEO Chen ou, the company's founder Dai Yu son and Sequoia Capital, accounted for more than 90% of the voting power. Small and medium-sized shareholders have questioned the two sides of the United States and the Cayman Islands on the question of whether the privatization time node (at the lowest point of jumei.com's stock price) and whether or not to manipulate the stock price before putting privatization into question.

Decisions on Privatization Chen ou "Jumei.com has been seriously underestimated in the current US stock market, and privatization will help companies to be more flexible in the transition period," he said.

At present, jumei.com has no positive response to the discontent and doubt of the minority shareholders, but also speeds up the privatization process. According to jumei.com announcements, the company has set up a special committee to assess the previous privatization proposals, which is believed to be an effective way to speed up the privatization process.