Us Special Action Committee On The Establishment Of The Country Into Chen Era - Gome Electrical

November 28 announcement said the company has been appointed executive director of

the Board and Chief Executive Officer Chen Xiao Deputy alternative for economic crimes police investigation chairman can not perform functions

Huang Guangyu . Announcement said States United States

Electric Company has formed a special action committee to closely monitor and evaluate the investigation Huang Guangyu of the Group's financial position and operational impact. Company's management after the initial inspection, there is no discovery, and funds were misappropriated assets of the Group or the occupation of the situation. Country United States will engage an independent accounting firm to conduct risk assessment, Gome and related party transactions and the effectiveness of internal control system review.

Announcement said the company has not received confirmation of any regulation issued by the Government or the judiciary of any legal documents relating to the investigation, on currently available information, investigation and is not associated GOME. Gome also disclosed that the Group Chief Financial Officer Zhou Yafei things being thus investigating the Public Security Bureau, has appointed an acting chief financial officer.

Appliances Experts Luo Qingqi that country the United States is the largest home appliance retailers in China's mainland and Hong Kong and Macao has more than 300 cities in more than 1,300 stores, its retail platform in nearly 500 companies, sales volume reached 100 billion yuan. In the appliance industry is facing the decline in exports and a slowdown in the case, the stability of the country or the United States is not a business thing GOME and its impact and appliance manufacturing industries, commercial enterprises, the banking system, consumers in close contact with many of the social dimension together.

According to statistics, China the United States directly create nearly 300,000 jobs, plus ancillary services such as logistics, home appliance installation, appliance repair and indirect employment in total nearly 50 million people.

Memory News CHEN: From rivals to partners and then to head

The whole year is 50-year-old Xiao-appliance industry veteran and legendary figures. Chen Xiao, a native of Shanghai, he was created in 1996, Shanghai Yongle Home Appliances Corporation, and its cause in the country to play an influential brand home appliances chain, Gome also was strong in Shanghai and other competitors. Hitachi rounded Beijing Yongle had once, with the largest market share in Beijing Dazhong Electronics alliance is encroaching upon the country the U.S..

However, Chen Xiao's Paradise by the end of 2005 the day after listing in Hong Kong is not a weak operating performance has been poor. Only one year after listing, Paradise by the end of 2006, the United States acquired the country, Chen Xiao, president of the Renxin Guo Mei Group post. Chen Xiao country after assuming office, the Group continue its rapid acquisition of U.S. expansion, and has the Dazhong Electronics,

Triple Trading Company Income to hire and purchase a number of regional

Mobile Chain. As Chen Xiao Yong Le of the team had in no one to follow the U.S. into the country, Chen Xiao once called "the most isolated president." Has also been questioned outside the United States within CHEN position in the country is stable, and even the media have openly asked Chen Xiao will be long term. However, Chen Xiao have been very confident performance. Huang Guangyu Chen Xiao also said that their work is "good partners", and many aspects worthy of their own learning. In fact, since Chen Xiao entered the country after the United States, Huang Guangyu, I work from the corporate affairs gradually withdraw and rarely appears in public, the country basically by the U.S. of foreign affairs for Chen Xiao.

Huang Guangyu The incident, just enter the country the United States stepped in two years of Chen Xiao, Huang Guangyu take this instead of the largest home appliance chain of the head of duties. Chen Xiao said to reporters yesterday, as the Deputy Chairman, he was determined and the newly established Special Action Committee on concerted efforts and corporate decision-making committee and the Executive Committee together with a more transparent and accountable approach to managing the country the United States, the United States in the country to implement the highest standards corporate governance.

Authority issued The SFC alleged that Huang Guangyu

Lot of money playing the stock market violations

Concerned departments of the Commission, said 28 pm, April 28, 2008, the Commission on the triple trading company, Zhongguancun, the abnormal trading to initiate an investigation, the survey found in relation to the corporate restructuring, asset replacement and other major issues during the , Beijing Eagle Investment Co., Ltd. have a significant illegal suspects, involving huge amount of money, the Commission has evidence shall transfer the relevant public security organs.

by: gaga

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