Huang Guangyu of GOME reason the board against the bewildering - GOME Electrical Appliances, Wong Kwong Yu - HC network appliance industry

t causes States United States Power both BainOrder to make the country free from the interests
Capital has made three cabinet opposite theof the U.S. loss in the shareholders meeting the Board
resolution? By relevant staff of the visit, the reporterheld an emergency meeting before the end of the
explained by the followingnight, and ultimately make the appointment of
On the board regardless of their country before theBain's three former directors to the
President of the United States Huang Guangyu AndBoard's resolution.
his wife's objections, the appointment of BainHuang Guangyu and his wife's objection to the
Capital closed three cabinet this matter, the publicthree directors of Bain Capital White Board, relevant
media uproar. What causes both countries even thepersonnel to explain to us some of the mystery
U.S. authority to make the opposite resolution? Withsolved. On the one hand, official said, Huang Guangyu
this question reporters who visited the country theThis is afraid of its board of directors of the
United States related.decision-making power was weakened Bain Capital.
In the country on behalf of the United States for aBain Capital Investment in China and the United
public relations interview, the reporter learned thatStates on this matter and no one can determine
Huang Guangyu and his wife voted to greatly harmwhether the agreement Huang Guangyu.
the interests of companies and shareholders. BainBain Capital in last year's financial predicament
Capital when he entered the States United Statesthe United States bogged down into the country the
States with the agreement reached in the UnitedUnited States, to 3.236 billion U.S. cost the country
States should make every effort to appoint threemade more than 10% of the shares and became the
persons nominated by Bain Capital for itsUnited States the second largest shareholder, also
non-executive directors. If Bain Capital to reducereceived the U.S. State Board of 11 seats in the three
investment, the number of nominations will benon-executive board seats and the chief financial
reduced accordingly. However, if the country theofficer and legal counsel's right to appoint. If
United States violated this agreement, against theBain to its holdings of convertible debentures are
nomination of officers can not be any, the right toconvertible into company stock, their shares will be
early redemption Bain convertible bonds in 2016 andgreater.
requested the latter to pay the appropriate penaltyThe other hand, Bain, as investors, their consideration
payment. This provision means that if the threeis how to maximize the benefits to investors in the
representatives of Bain successor States to thepast year within the time bound decision-making in
United States and Africa can not be executivebusiness and Gome Produce some antagonism
director of the State investment in the United Statesbetween the Huang Guangyu of the decision-making,
must pay 2.4 billion yuan on the Bain's penalty.which makes the decision to ignore Gome Huang
In addition, Prudential Securities research director LinGuangyu 2.4 billion compensation commitments,
Jiaheng said that if the payment of high premiums,kicked out of Bain Capital.
will also cause downward pressure on the countryIn this case, in the end if there are other unknown
the United States shares.reasons, Ben Wang reporters will be watching closely.