Forbes: The Trend of Gome Huang Guangyu, after being detained - Gome Huang Guangyu, Chen Xiao - HC network appliance industry-hc360

Based on his experience, GOME Electrical Appliances The new chairman has to keep States United States Steady growth of capacity

. The largest Home Appliances Retailer's new boss involved in the industry's largest merger and acquisition activity. Recently, he suddenly pushed into the highest position Gome, some investors hope the new country that he will lead the U.S. team out of the woods. Recently, CEO Chen Xiao, was appointed acting president of Gome (other, HKEx OTC: GMELF). The company said the Beijing Public Security Bureau has informed Huang Guangyu President suspected of economic crimes are under police investigation, Gome's board of directors, "said Mr Wong in the investigation in view of the period can not continue to fulfill its mandate is clear," Guer appointed Mr. Ren Chenxiao to hold such office, and the composition of its executive committee headed by the Special. In October we released 400 richest Chinese standings to 2.7 billion in personal wealth, yellow No. 2 ranking, but the alleged manipulation of stock prices as he and his brother are being investigated by police retention. At present, Gome's Hong Kong-listed shares have been suspended for the disk, specifically the restoration of the transaction date to be determined. Retailer, Gome, said the company acquired in 2006 by the founder of Chen's China Paradise Electronics have been identified when the daily supervision of Huang Guangyu Chen has the power. The M & A transactions 675 million U.S. dollars contract, became China's biggest retail trade; while the M & A events to break the hold of China's independent-minded entrepreneurs are not always able to live in harmony alongside the practice, making the event has the the content industry milestone. As for Chen's wealth is estimated at in October is about 2 million, in listed companies ranked among the non-control front. Last Friday in Shenzhen trading records, Gome shares of domestic listed companies in major competitors Suning Appliances rose by more than 8%. Related analysts believe the company may benefit from the acquisition, Gome Gome or at least face the current crisis. Gome's market value now is a more moderate data, about 14.3 billion Hong Kong dollars (about 1.8 billion U.S. dollars). Has some strength in other Chinese electronics retailer Gome may also be interested in acquiring. Including the headquarters in the United States, Best Buy Company. Although, at present the company has opened in China, only two own-brand stores, but the 2006 through Jiangsu Five Star Appliance holdings of more than 50% equity stake for its mergers and acquisitions in China paved the way for. In China, including Gome, including Best Buy, focused on mergers and acquisitions of Chinese investment in the retail industry has made a number of poorly managed state-owned enterprises or private enterprises to regain vitality. In addition, large retailers in Western France, Carrefour, Wal-Mart, Green Island, the British department store, the British B & Q chain of home and other foreign retail giants have full use of China's reform and opening up market opportunities for retailers to become active in China. Chen told Forbes magazine's recent interview in the forecast slowdown in global economic growth will lead to further slow global economic growth will lead to more retail in China M & A transactions. "In the next three to four years, on the whole of China retail industry, will be a lot of merger events." He said. He pointed out that, in addition to intensive level of household appliances is still low outside, foreign retailers would be the most active buyers of SMEs, so as to promote the retail business of intensive operations. "Foreign companies like Wal-Mart and Carrefour have already entered China for a long period of time, but their rate of expansion is clearly not fast enough." He said. According to a survey conducted by PricewaterhouseCoopers last year, foreign retailers mergers and acquisitions transactions increased by 77% to 76 billion yuan, China's national economic development activity of one of the factors. Benefit from the country's strong economic growth, 08 years ago, three quarters of China's retail sales up 22.0% increase over the same period, the retail business would envy the West; which makes the global retail giant received more investment power. 50 conceivable fate of Mr. Chen, who is a successful business elite team leader.

Forbes: The Trend of Gome Huang Guangyu, after being detained - Gome Huang Guangyu, Chen Xiao - HC network appliance industry-hc360

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