subject: Huang Guangyu Of Gome Is Not The Only Son Of The Founder Have To Abide By Contract [print this page] States United States Huang Guangyu Have made new progress in the case of the Hong Kong High Court on the 8th decision to maintain the value of 1.655 billion under the name Wong Kwong Yu couples dollar assets freezing order. This decision is related to a freeze order last month, a continuation of the implementation of the matter is the origin of his wife in connection with the country U.S. Wong Kwong Yu, the company's funds to buy himself held by the listed company yellow
Gome Shares in the proceeds used to repay private loans by her.
With the involvement of the Hong Kong courts, the case of Gome Huang Guangyu incidents gradually clear that the case is very likely due to funding limits and cause confusion Wong Kwong Yu, the ultimate violation of the most basic commercial contract carefully. May appear in the Mainland, as Huang Guangyu of Gome single-handedly created the company, this is the business "soul", so will the country through the capital operation of the US-company funds for personal use, is like money in the pockets from the left into the right pocket, real is a corporate "internal affairs." However, the SFC considers that, Huang Guangyu the move was "inconsistent with the best interests of the company and shareholders," and thus recourse to their legal obligations.
Review Hong Kong's regulatory history of similar problems, Huang Guangyu was not the first. Skyworth
Digital Founder Stephen Wong, the brother of conspiring together with his mother by claiming 2,500 shares of company stock options fraud and 51 million yuan consultancy fees in 2004, was arrested by the Hong Kong Independent Commission Against Corruption and theft are punished eventually. 2 Fall Track same business elite.
Mainland China there are many successful private entrepreneurs, who by virtue of their own efforts and the development of big. In the early development of enterprises, entrepreneurs, as the company is "only son." This "blood relationship" of course is the fundamental factor in the cause to be bigger, but with the joint-stock enterprises, the company founder and the "only child" relationship in the legal sense, a fundamental change. As a stock company, business founders can only put the shares on the rights and interests of other shareholders can not be cross-border violations. Although this is a basic business contract with the company founders often conflict with traditional ideas. In this sense, the law of punishment is an effective means to resolve this contradiction, but looks a bit too brutal.
Moreover, the founder of many companies keen to invest in capital markets that the profit rate which is far stronger than do industry.
Home Appliances Sell Huang Guangyu of course to bring the glory, while pushing him "
China's richest man "The throne is the capital market. In recent years, is Huang Guangyu shell resources by buying listed companies will be packaged into the shell resource assets, value-added cash after this cycle, earning pours. Backdoor listing in 2004 after Gome Huang Guangyu of personal assets to 750 million yuan from 100 billion a sudden change, this also allowed more fascinated by the capital market.
Unfortunately, the industry mainstream business riches indulge in the capital market is definitely not a good game, it will induce cross-border investment behavior of frequent violations. But compared to cross-border investment irregularities, disciplinary measures for violators, regulators are far from the mainland in place, more is given "a warning, reprimand, against the market" and other administrative penalties, criminal sanctions put rare. Mainland relatively weak regulatory environment, or even a violation of the implicit support, leaving the breeding of the chances of some entrepreneurs, but the interests of investors and the whole stock market order and is therefore vulnerable. Similar behavior was also copied this to the overseas market, not knowing the rule of law outside the framework of the market improved and matured, the crackdown on such behavior is enormous. The end result is often like the same Wong Kwong Yu, he would pull his dismounted from the altar.
Huang Guangyu of illegal violations
show how to advance the power of impulse control company founder, ex post facto punishment of how cross-border misappropriation of corporate assets wanton acts, is the emerging wealthy class must be a clear legal issue. If the most basic commercial contract can not be respected, the result is to allow entrepreneurs to punishment by the contract, regardless of whether he had your so-called "richest."
Huang Guangyu Of Gome Is Not The Only Son Of The Founder Have To Abide By Contract
