U.s. To Accelerate The Country "to Yellow," Admitted Intention To Introduce Strategic

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Value

Value

Huang Guangyu

Six months after the incident,

GOME Electrical Appliances

Also quietly layout with its own strategic transformation. Since the end of April this year, the

States United States

Electrical transfer of equity financing to be rumors circulated in the industry, including the U.S. consortium, Li Ka Shing Foundation, etc., were involved in the country the United States among the rumors of finance program.

5 27, the States United States in the first quarter earnings release, while for the first time acknowledged to the outside world, the company shares with potential investors to discuss matters. However, even if Huang Guangyu of GOME has not worked, but its influence as the largest shareholder is still the State, the "era after the yellow" Huang Guangyu to weaken as the impact of the company, has become the focus of trade-offs within Gome .

First response "to finance the door"

Gome shares sold had aroused the interest of many investors, including international private equity funds KKR and Bain Capital consortium jointly, a subsidiary of Fortress Hong Kong Li Ka-shing, Fosun Chairman Guo Guangchang and global

Home Appliances

Giant

Best Buy

And so on, but until the May 27 evening, the National Stock Exchange of Hong Kong United States and in the paper submitted to it for the first time in response to the "financing the door" issue, said the company is negotiating with potential investors, but the announcement were not disclosed details of the negotiations with investors, and that has not yet reached a binding agreement.

Obviously, for "financial portal", will the state deal with the United States was very careful management, the press spokesman also remained silent, the only way to get from the States United States financing program on the official to say, "States United States will be released in due course Notice to release information to the market. "

Public information, since last Nov. 24, the Gome shares suspended nearly half a year, when the market value of 14.29 billion Hong Kong dollars. Among them, Huang Guangyu and his wife cuckoo in the country in the U.S. shareholders to hold 35.5% stake in the first, and now head of the National US-CHEN only a 7.28% stake.

Not difficult to see, as the head of the U.S. current state, only has less than 10% of the shares of Chen Xiao clear position is rather embarrassing, for which the introduction of the financing package management framework for the country to readjust the United States or to play a key The role of the State before the United States shares resume trading time countdown.

However, the country from May 27 the official U.S. position and looking at financing options put before the States United States does not change the current situation of suspension "until further notice."

Introduce investors to "go yellow"

January 16 this year, Gome Huang Guangyu director has resigned, although the country moved to the United States of taking the helm, Chen Xiao hands, however, the impact of yellow Yu Duiguo still unable to erase the United States, to completely change the Huang Guangyu management model for the axis, and further encourage States U.S. executives, we must carry out drastic reforms. 20% of the equity financing will be diluted as a "go yellow" way.

Program for 20% of the equity financing of speculation, at present mainly in two forms: the issuance and transfer. The former is 20% of Gome shares would be issued to further equity dilution Huang Guangyu; the latter is Huang Guangyu 35.55% stake in the sale of 20%, this will directly lead to loss of Gome Huang Guangyu "absolute majority shareholder," the status of . Although the two forms of different financing options, but the "go yellow" intentions are very clear.

Course, behind the proposed financing plan, the country has also taken into account the United States faces its own financial pressures. From the States United States its annual report, 2008 data show that countries deal with the United States in 2008, notes payable, loans, convertible bonds and bank loans has reached 16.6 billion yuan, while China was in May 2007 the U.S. released 4.6 billion bond will be huge expires next year, the country will face the United States short-term redemption pressures.

However, the States United States side was on May 29 has made it clear, to authorize the Directors to allot, issue and disposal of no more than GOME in May 20, 2008 the issued share capital of 20% of the shares, but the resolution also stayed on June 30 at the annual shareholders meeting to vote on.

by: gaga

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