States United States 100 days to start the fastest triple trading company restructuring process - St

2008 interim results explained that the State Building, the United States at the Group headquarters in Eagle, Gome president Chen Xiao way through the video connection in Hong Kong for the participating media questions, and on "
Triple Trading Company
"Gome not listed whereabouts and other media outlets made a note of concern.

First half net profit of 1.15 billion yuan Gome

Gome interim results show that, as of June 30, 2008, Gome achieved revenues of 24.874 billion yuan, increasing 17.57% over last year; net profit of 11.5 billion yuan, greatly increased 191.14% over last year; During the reporting period, the new Gome into the city 16, 102 new stores; as of June 30, 2008, listed the company's retail network covering 198 cities nationwide, a total of 828 stores, with a total business area of 2,960,000 square meters, up 12.21 percent over the previous year.

Triple trading company on the restructuring process
Why the White
triple trading company

"We (GOME) is aimed at China, the big platform to create a way to help China
Home Appliances
The sound development of industry chain, in this process, we will put some 'uncertainty' factor to solve, "Chen Xiao said that in the study triple trading company's brand and network, that the triple appliance retail trading company in Shandong in the field is valuable, "Although the country have told the U.S. shareholder or triple trading company changed hands (referring to
Sanlian Group
Triple trading company shares held by 2,700 million shares for auction) the news rather late, but the country learned the news from the United States, this change (referring to disputes triple trading company shares) have been defined. "

Battle for triple trading company stock from the "Financial News" become "entertainment news" in reality, he only said that the United States to achieve national integration ideal of the Chinese home appliance retailers in the field, takes effort and costs, provided that such costs be reasonable.

Triple trading company restructuring timetable
GOME Electrical Appliances for the media attention
triple trading company restructuring process of the problem, Chen Xiao said that from the legal sense, the Commission on the reorganization of listed companies have more specifications, triple trading company restructuring only through the restructuring of its board of directors to achieve, Gome will not act unilaterally.

He then elaborated on the restructuring process is expected to triple trading company: "As the triple triple trading company shares held by the Group have all been auctioned, the relevant shares is expected to change the procedures for this week (August 15), at the latest next week (August 20) has completed the relevant procedures. then, the Group will no longer hold triple triple trading company shares, and as major shareholders, Gome will triple trading company hold a shareholder meeting the board made the recommendation, so The results simply are the two board agreed to hold a shareholder meeting, one board rejected; if the latter, the major shareholders will be able to hold a shareholder meeting within 90 days to elect board of directors, will also form a new board of directors and listed companies management team.

Not listed on more than 300 stores

Stores unlisted qualification

Chen Xiao told the conference the media that, as of June 30, Gome stores are not listed on the specific quantity of 351, and has commissioned Ernst & Young accounting firm to audit store is not listed, data have Gome independent directors open, "351 stores account for nearly one-third of the total number of Gome stores, as with the listed companies to adopt the same management and team, not listed the stores listed companies with similar operating conditions."

351 stores will not be listed separately

The current crop is not listed Gome's stores into the A-share listed companies will Zhongguancun (000931.SZ) rumors, Chen Xiao to deny, "stores and non-listed companies is a general store, part of the business after all, the two to merge, "he said:" It also promised shareholders to merge the two businesses can not separate the non-listed part of the assets of a capital injection to the platform, but to seek an overall solution.





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