Tom Luxsox Coins

Soviet Union

Appliances Writing A Love Story Polygonal Angered The Soviet Union In Love Huang Guangyu

Yellow response "Soviet Union" merger of rival merger rumors true also not affect the

07 4 5 pm the afternoon of 14, Beijing, Tao Heung? Lakeview Hotel Press Room.

Group Chairman Huang Guangyu of GOME sat smiling press release stage, an "everything under control," the confident demeanor.

The afternoon of November 22 last year, he has to pair demeanor face from across the country hundreds of journalists, that time, the country just to 5.268 billion U.S. dollar price of the Paradise "married" to go home held on the same day a grand "marriage."

Gome, Yongle "Just Married" after nearly 5 months, Huang Guangyu and Chen Xiao (Wing-lok, founder and current president of Gome Group) jointly put the country attended the 2007 summit, the U.S. global strategic cooperation appliances prior to media appearances.

Tacit presence of the media is the first focal point: the Yongle a merger agreement in Beijing Grand Chiang with Suning to seek "scandal", this indicates that China's household electrical appliance industry last year, this year also a similar "national U.S. M & A Paradise" big event? Dazhong has 65 stores in Beijing, is a country the United States in the Beijing market, "the old enemy."

In the media briefing, Huang Guangyu Suning will purchase Dazhong first time to respond to rumors. Paradise is a chain begun to take on a national scale, only large and medium regional enterprises, therefore, countries large and medium, of course, if the United States well, but will not play a similar state as the United States combined Paradise "subversive" effect, if not This is not a vital matter, this matter will not become a landmark event in the industry, a change in the Beijing market, while the country and the Beijing market, the market component of almost five or six.

"Life and doing business as a subject to legal constraints, second, constrained by the norm." Huang Guangyu has repeatedly stressed that although this is only his personal point of view, but this remark is still causing a little stir-site.

He also told of large and medium

: Paradise of the stock exchange would not surrender, took 150 million yuan others not yet, let themselves cry became "vulnerable groups", such things happen in this industry, "It's hard to see . "

Events "leading role" different mind

This a "love-hate" is actually very simple.

Last April 21, Paradise and Dazhong announced they will form through a share exchange to complete the merger within one year of work, Yongle also pay 150 million yuan to the combined medium and large "deposit." But last July 25, Gome and Yongle announced a stock and cash merger, immediately expressed its Wing-lok, medium and large strategic cooperation program "to be renegotiated."

Since then, Yongle and Dazhong each other that breach of contract, to recover a "deposit", a wish to ask for liquidated damages, a performance that was still during a declared "termination", eventually this "termination lawsuit" hit the China Trade Promotion Committee tribunal. Traditionally, arbitration results should be out in April of this year, but may be postponed.

In the meantime, outgoing sized and Best Buy, a British retailer Suning to discuss cooperation and the news. April 10, Suning announcement that, "the company commissioned a third-party financial advisors and the development of medium and large electrical appliances on industry, merging the two sides on matters of communication and exchange, but so far, with medium and large electrical appliances did not sign any binding of legal documents. "

"Medium and large there is willingness to cooperate, so we sent out to them a bit." Yesterday afternoon, Suning CEO Sun Weimin said when interviewed.

Dazhong Electric spokesman Lo with an interview yesterday with three words express the attitude of large and medium: to maintain position in Beijing, self-sufficient; would like to query how Paradise "good faith for the business"; not exclude Excellent Enterprise "selectivity and cooperation."

About the Author

I am an expert from Cheap On Sales, usually analyzes all kind of industries situation, such as illuminated world globe , clear vinyl handbags.

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