subject: China's Largest Electronics Retailer: States United States The Whole Anatomy Of Cancer - Gome [print this page] Unlimited desires, and the more cynical line? A report on
China's richest man
Huang Guangyu and its creation, the China's largest electronics retailer to report into the crisis in pathology
The collapse of empire is always a huge wealth of people sigh. When a weekend last November, the market began to rumors the founders of the nation's largest electronics retailer, three aspirations to China's richest man, Huang Guangyu, 39, has been the police issue a warrant, the whole of China are once again realize how the business community to seek wealth and security line the real secret: abstinence.
Has been a series of pull-out characters involved, including Huang Guangyu's brother, wife, a listed company chairman, a State Administration of Foreign Exchange Director and a man of Hong Kong and Macao gambling industry, and two Ministry of Public Security senior officials. Been caught in the whirlpool parties to spell out a startling fact?? Growth in the brutal Huang Guangyu, in the capital markets, government approval, underground finance, land transactions of the existence of almost all areas of suspected illegal. If the past 30 years, from a range of issues Mu Qizhong to Gu Chujun Regal has been trying to constantly improve the socialist legal system in search of the gray market space, then called Wong Kwong Yu is the one that overshadowed the others, "synthesizer."
In a few months ago, if there are opportunities to invest Huang Guangyu of Gome Group, the investment banks will be trading as one could wish for. But now it has turned into a dangerous invitation paper?? In any case the definition of investment risk in China, if the actual control of a company who is a criminal issue a warrant, this is definitely the biggest risk.
2 11 heard the latest news is that, in order to save themselves,
GOME Electrical Appliances
(0493.HK) has hired Cazenove Asia Limited (CazenoveAsiaLtd.) Responsible for the analysis of possible re-financing options, including the proposed additional 20% of new shares to raise cash to consolidate the fragile financial chain. According to "Global Entrepreneur" understanding, these potential investors have with the new country the United States held preliminary talks with management, including Gome original foreign shareholder, Morgan Stanley, Warburg Pincus and Carlyle Group, Bain Capital and Investment Magnolia management companies. Huang Guangyu, out of the case concluded the results and the ultimate fate of the United States fears the country, the investment bank limited to wait and see.
But, perhaps, brave will get the best reward. After all, the country still has more than 1,300 U.S. stores, more than 400 billion in annual sales. Now, Gome also strongly distance themselves from the relationship with Huang Guangyu, the administration is unwilling to see China's largest appliance retail chain collapse. Country United States has more than 20 million workers.
However, such efforts are doomed to be wishful thinking. Huang Guangyu of GOME Electrical Appliances although the post of Chairman of the Board from Chen Xiao agent, but the couple is still the largest shareholder of Huang Guangyu, holding 35.55% of the shares. Investors can not continuously exposed to illegal facts and Gome Huang link. Source to the "Global Entrepreneur" said Huang became public concerning the end of 2007 to early 2008, an extraordinary amount of money laundering, which previously announced price manipulation in order to reap huge profits in this stage also. That time, Huang Guangyu has to pay more than 40 billion acquisition of Dazhong Electronics and
Triple Trading Company
[7.721.85%] control, for which Huang hopes to break the financial predicament of the real estate business backdoor Zhongguancun [5.044.13%] Science and Technology (000931.SZ) also begin with the issue.
Can imagine, the past 10 years, great strides the country the United States continued strong expansion and acquisition to this end. Behind long-term defensive
Suning
Electric [18.302.35%], and the upstream manufacturers breathing room, but also spy on China's huge market and not the Best Buy (BestBuy) the opportunity?? The whole of China
Home Appliances
Retail territory will thus be reorganized and modified.
From penniless, without any background Chaoshan kid to China's richest man, Huang Guangyu circulation in the home appliance really hard to hold a candle to establish a national U.S. peer-empire. The field of home appliance retail chain in China, Huang first discovered the financial potential in this industry and its maximized.
