Prison Gome Huang Guangyu unwilling to lose its power to a controlling stake in World War II broke.

Huang times after <p> </ p> <p> from 19 November 2008, police arrested 18 months after the investigation, former chairman of Gome Huang Guangyu, the Board of Directors until a verdict was finally. .However, the decision announced a week ago, Huang has been in prison can not wait to controlling stake in the battle started, the current board of directors of its contradiction with the GOME made public. .</ P> <P> <P> <p> Liu Buchen, home appliances industry observers believe that such a thing occurred, reflecting the marginalization of Huang for their concerns. .Industry veteran, said to reporters that if Mr Huang performed well, is expected to sentence 14 years in prison half way, 41-year-old Huang Guangyu, less than 50 years after release, can still flex its muscles, the United States holding .power struggle will be a long battle. .</ P> <p> prison "力阻" Bain director for re-election </ p> <p> week ago, and Gome Huang Guangyu contradiction current Board is open. .Held in the May 11 annual shareholders meeting, Huang and his wife unexpectedly voted against the cuckoo, the three directors of Bain Capital to prevent re-elected candidates. .Owing to the importance, Gome then in the evening held an emergency board of directors, major shareholders opposed to the end despite the re-appointment of Bain's three former directors to the States United States Board of Directors. .</ P> <p> "vote on the two shareholders of the company will be caught in a major crisis. ."States United States issued a statement saying the board was because, according to Gome Annual Report, should the board of Bain in the United States lost its seat will cause the company directors and shall make compensation for breach of contract and related compensation of up to 2.4 billion yuan (3.52 billion U.S. dollars). .</ P> <p> Gome President Chen declined to say where the board the whole story, but informed sources said that senior United States did not think the major shareholder in advance to have such practices. .Gome stakeholders told reporters, Huang I could not know the cost of default, "such a situation, can only be good communication between the board and he did not. ."According to another high-level analysis of country the United States, Huang Guangyu, 2.4 billion do not want to prefer compensation to the board of Bain Capital, that Huang was the loss of control of the company concerned, but also shows the company's board of directors Huang distrust. .</ P> <p> Huang fear of being marginalized </ p> <p> appliance industry observers, Guangzhou Bingfa plan on Management Consultants Limited Liu Buchen, director of strategy is that such a thing happened, reflect on Huang .their fear of being marginalized. .</ P> <p> 2009 年 6 months, Bain Capital to 1.804 billion Hong Kong dollars to buy a seven-year convertible bond Gome, 5% per annum, the initial conversion price of 1.18 Hong Kong dollars per share, as all .into company stock, the size of the equivalent of the issued share capital of the United States 12.8%, while Bain Capital has become the second largest shareholder of Gome. .According to the agreement at that time, Bain Capital requirements must be arranged for its Board of Directors representative to Gome. .Two months later, Jonathan Zhu, Lei Yan, Wang Li Hong Ming Beien other three entered the capital on behalf of GOME, as non-executive directors. .According to convention, the effective term of three to the "next after the appointment of the Company the date of the General Assembly." .</ P> <p> May 11 this year, in Gome annual shareholder meeting held on schedule, holding 31.6% of the shares (50.56% weighting of votes) of the Huang couple unexpectedly cast a negative vote ., 12 resolutions considered by shareholders in five is not, including representatives of Bain Capital re-appointment of Directors, to authorize the Board to fix remuneration of directors and to repurchase shares matched with the resolution issued by the authorization. .</ P> <p> equity holdings to defend control </ p> <p> launched last October 2009 Hurun standings, Huang Guangyu, the family wealth to 23.0 billion ranked 19th. .In 2009, one month after the launch of Forbes China rich list, Mr Huang's wealth has shrunk to 49.5 billion, the second from the last session fell to 130. .</ P> <p> "10 亿元 confiscated, even if the cash shortage is enough to sell some houses. ."Yesterday, a person familiar with Huang told reporters that the first instance, confiscation of assets of a total of 10 million couples are not unbearable for Huang Guangyu. .To Huang's character, he certainly would not stake the U.S. reduction of the country, these assets should not be extracted from the listed company, but paid from other assets. .</ P> <p> However, Gome Huang Guangyu addition to the assets actually worth outside, the outside world is currently no way of knowing if the latest Forbes China Rich List and accurate statistical data, 10 billion is confiscated for Huang Guangyu .is also not an easy task, but voted against the move Huang decided to show his determination to defend the right of GOME Electrical Appliances Holding, he and the National Board of the United States compete for the right to speak of war has just begun. .</ P> <p> last July, in the custody of Huang Guangyu to take concrete action to prevent their shares are further diluted. .June 22, 2009, Gome has disclosed in Bain Capital, including the issuance of convertible bonds and the placing of new shares a combination of financing options, which won 32 million funding. .Was widely believed to be in custody will be unable to participate in the Placing Huang diluted to accept the fate. .But last July, Huang Guangyu 1.7 per share before the sale price of HK States United States held 235 million shares. .A week later, he was then in full the price of 0.67 Hong Kong dollars 816 million placing of new shares subscribed to continue its stake to 33.98% ranked the largest shareholder of Gome position. .</ P> <p> "equity incentive" against the yellow will </ p> <p> after Bain Capital entered quite innovations, only a month into the country the United States, the United States to throw in all major areas involving .large-scale, general manager of equity incentive programs, the program involves a total of 383 million shares, in accordance with the announcement of 1.9 per share exercise price of the lowest dollar terms, the total amount of nearly 730 million program of the Hong Kong dollar, a record amount of equity incentive Chinese home appliance industry, the most, .encourage senior management to benefit a total of 105. .</ P> <p> with Huang Guangyu, the idea of this approach is completely different. .Huang equity incentive programs in the period as Chairman of the Board has not adopted, or because of delay in the implementation of equity incentive, the early United States has also led to angry business executives to leave the team event. .</ P> <p> since been taken away by police after the couple have now been outside the country Huang boards of the United States, Wong family members also served as the country is no longer any management positions in U.S. companies, the largest Gome Huang Guangyu currently only .shareholders. .Appliance experts, senior director of consulting firm Paller Luo Qingqi that Huang's move reflects his concern diluted share, on the one hand from their own considerations, do not want to undermine the right to speak; the other hand, is mainly worried about large-scale foreign investment into the country the United States took the opportunity to .and indirect control through the States United States Chinese home appliance distribution channels, the entire appliance industry will be the greater impact. .</ P> <p> Liu Buchen said that Huang should clearly recognize, the United States to continue to achieve healthy development of the future is the most important. .Huang Guangyu, who can not Chikamasa in terms of maintaining the status of the largest shareholder of the same purpose has been achieved, no need to worry about too much for the composition of the Board. .</ P> <p> but industry analysts to Huang's personality, he will not give up control of the company, the United States the right to dispute the holding will be a long battle. .</ P> <p> </ p>.