Xiao-holding countries over 5% of the U.S. stock market return of A shares, said the trend is - Chen Xiao, Gome, Yongle - HC network appliance

Xiao-holding countries over 5% of the U.S

Xiao-holding countries over 5% of the U.S. stock market return of A shares, said the trend is - Chen Xiao, Gome, Yongle - HC network appliance

Addition to the open market through the acquisition of secondary

States United States

Electrical

(0493, HK)

Stock

, The States United States president Chen Xiao also eat into the mass transfer of the shares of the original Paradise executives. Chen Xiao in an interview yesterday, disclosed that he holds shares in the country the United States to 3% from the first expansion to more than 5%. "I think the country is the United States seriously underestimated the current share price," Chen Xiao said that in the future he will acquire a further Gome shares.

Executives sell the shares cheap leave A month ago, Chen Xiao, through its control of the retail

Management

Co., Ltd. (RetailManage-mentCompanyLimited, referred to as RM Company) has bought 1,500 shares and 72.8 million shares of Gome shares, Chen Xiao, and the original Paradise, Gome shares held by the management team increased from 12.45% to 13.46% increase, the use of 200 million Chen Xiao Yuan funds are personal self-Cut

Pocket

. Chen Xiao said that in 12.45% of the shareholding ratio, he personally holds about 3% of state shares in the United States, recently acquired through the secondary market open about 1% of the shares, while some shareholders sell part due to leave Paradise equity, Chen Xiao will be in full acquisition. "Because we had promised before the end of 2008 the company would not cut back State RM U.S. stocks, only an internal transfer. Of course, they will give a discount price." According to informed sources, the general separation of these executives, Chen Xiao will ask them to hold the country to sell U.S. stocks, the stock price was lower than 10%. Chen Xiao individual holders of the current U.S. stock more than 5%. Chen Xiao said that the future stock price according to the country would be further acquired the U.S. state U.S. stocks, generally in the thousands of shares. Reporter learned yesterday, since last July the country since the U.S. announced the acquisition of Yongle, just eight months, the former vice president of Paradise beam as, Liu Hui, Zhou Meng, CFO, general manager of Shanghai branch of the Grass Roots and Wing Lok Bo Jiangyong and many other name executives have left the company. Acquisition of the former Paradise 18 branches in the mainland, after the acquisition was reduced to 12, and withdrawn recently and the Anhui branch in Xi'an, the dissolution of many employees on the spot. Chen Xiao admitted that the original state when the U.S. acquisition of Yongle, who estimated that 5% of staff will leave the company, the employees leave the present situation is still within 5%. However, insiders Paradise Paradise about 50,000 employees, former employees may not reach 5% (2,500 people), but the number of management left much more than 5% the ratio. A share is the trend regression Chen Xiao yesterday disclosed that the U.S. is considering the introduction of strategic

Investment

Those bonds and return to A-share market to raise funds, etc., specific programs will be decided later this year. For the return to A-share market, Chen Xiao think is the trend, but is still limited to brokerage suggestions and make the program phase, the Commission has not issued the relevant documents, the State is difficult to determine in what form the U.S. return. For the country to be listed in the U.S., Chen Xiao said that could only be ahead of schedule, will not be delayed. June 2004 China listed in Hong Kong when the United States, it is stipulated that foreign enterprises engaged in

Retail

Services to approve the company's stake in the highest proportion of only 65%, so 35% of Gome national business interests are not listed. Gome was the country's 38 divisions, only Beijing, Chengdu and other 20 "business quality" division into listed companies, while Shanghai and Hong Kong, 18 branches have not been included. The following

Business

Approved by the Ministry, the country will stage the U.S. commitment to 5 years, graded to non-listed business and going into the GOME Electrical Appliances, make the country the United States listed as a whole. Rumors country for the United States will acquire the upstream manufacturers, Xiao-to be denied: "In the past not the future, and will not acquire the upstream business." Beauty and love for the country after more than electrical

Cooperation

, Chen Xiao, also known as outsiders misinformation, but in fact and love over the Group signed a cooperation agreement that the Eagle Investment, and Eagle Investment is a Gome Chairman

Huang Guangyu

The investment holding company, not the country into the upper reaches of the U.S. manufacturing sector.

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