gome

Gome believe that this was mainly due to the company and to improve supplier relations and increase the proportion of cash payments.

Formerly the company's chairman, Huang resigned from GOME in January after he was suspended from his post in December.

Gome said yesterday that its operations and relations with its suppliers had not been affected by the reports about Mr Huang.

Huang Guangyu, Gome's former chairman, is trying to keep control of the company he founded.

But he has also said he would sell the stores to GOME, possibly in return for equity, in order to increase his stake in the company.

He said that the company is now down to five this week to prepare 22 Gome upcoming anniversary celebrations .

If that happens , GOME would lose 230 million yuan a year in management fees , the company said .

Gome responded on Wednesday by saying that it did "not agree with the views and opinions expressed" by him.

He made his fortune by founding and building up Gome, China's second largest home appliance retailer.

Gome said the deal would be formally completed next month.

At GOME's annual general meeting Tuesday, he effectively voted Bain-backed directors off the company's board.

Gome's current management has what looks like a solid five-year plan to address the company's weaknesses.

At the special general meeting on September 28, Gome is likely to see off Mr Huang's challenge to remove existing board members.

"We believe the company has attractive future growth opportunities that will be enabled by bolstering Gome's financial position. "

Finally, gome have to make a decision, signed the group purchasing customers, accepting only a single consumers outside single order.

The company said the loss of the stores wouldn't adversely affect GOME's business.

Gome said earlier its chief financial officer, Zhou Yafei, was under investigation but no details of his case have been released.

Gome as a listed company, if the Chairman of the Board to assist the police investigation, the release will definitely notice.

Gome has rolling permission to enlarge its share capital by up to 20 per cent without recourse to a shareholder vote.

So other investors will have to hope he's got the painful message that GOME is no longer his empire.

Gome said Mr. Chen is leaving to 'spend more time with his family, ' and that he 'has confirmed that he has no disagreement' with the board.

Gome has not received notice that any regulation issued by the government or the judiciary allegations of any notice or legal documents.

Mr. Chen, the current chairman, said in Monday's statement that loss of these stores would not adversely affect GOME's business.

Mr Webb on Tuesday said that video interviews of Gome managers on its own web site contradicted the company's statement on December 10 2008.

Advised by Goldman Sachs, Gome offered China Paradise's shareholders a cash-and-share package that valued the company at about $680m.

"Gome has experienced a great deal of distraction caused directly and indirectly by Mr Huang since his arrest in 2008, " Mr Chen said.

Zhang's promotion to chairman, and the ouster of his predecessor, helped to bring the year-long civil war at Gome to a close.

If the contracts are broken, GOME would lose 230 million yuan a year in management fees, it said.

The move follows a deal between Gome and Mr. Huang in November that appeared to signal a truce.

Gome, the electronic-goods chain that Mr Huang founded, has also had a difficult time of late.

GOME said two weeks later in a statement that one of its business units had been indicted by the same Beijing court on bribery charges.

Yesterday afternoon, vice president of Gome , He Yang, spokesman for Green told reporters that the meeting has been canceled.

Gome, too, is trying to evolve.

Gome's big suppliers have pledged their support for the company.

In the face of all this speculation Gome has been at a loss.

It is worth noting that this is the Gome previously announced third quarter financial announcement date.

The longer Mr Huang makes mischief, the harder it becomes for Gome to persuade investors to think again.

Gome Electrical Appliances said Monday its Chairman and President Chen Xiao (see photo) had transferred 70m shares to his daughter Chen Ye.

Such is the lot of Gome, China's largest electronics retailer, with 12% of the market, about half as much again as its nearest rival.

They want to end Gome's previous, haphazard expansion by closing unprofitable stores and opening new ones in a more carefully targeted way.

Yet the outlook for Gome, one of China's largest retailers and the largest seller of home appliances, now appears much less certain.

On Tuesday, Gome declined to comment on the statements in the company's video.

Mr Huang, who remains Gome's largest shareholder, wants to replace Mr Chen and the other director with his sister and an associate.

In view of the above two cases in any one of Gome may face the risk of money- strand breaks.

Huang Guangyu, former chairman and CEO of Gome is now serving a long jail term for alleged bribery and insider-trading.

The arrest of the founder of Suning's chief rival, Gome, in a stock market probe has savaged his company's brand.

Over the next two years, Gome issued shares to buy more of Mr Huang's retail empire.

Gome in the first three quarters of the outstanding operating performance, management Layer of confidence in future business growth.

Gome, one of China's largest electronics retailers, is undergoing a painful transition.

In 2006, Mr. Chen agreed to a US$675 million deal to merge his own electronics company, China Paradise, with GOME.

It's widely believed that the infringement case prosecuted by minority shareholders is Gome's strategy toward the Sanlian Group Company .

Huang Guangyu built Gome Electronics into China's biggest appliance retailer and was estimated in 2008 to be worth $6. 3 billion.

Huang is the founder and chairman of Gome Electrical Appliances Holdings, China biggest chain for electronics and appliances .

Huang Guangyu, the founder of home appliance retailer GOME, remains detained on charges of insider trading and stock manipulation.

He brought in Boston-based Bain Capital as an investor, and hired McKinsey & Co. to chart a new strategy for Gome.

The achievement of such purpose will effectively reinstate GOME Group's leadership position.

Management of Gome, to its credit, has opted for the latter.

Mr Huang's plight has even stirred nationalist sentiment among people who see a foreign plot to wrest Gome from Chinese control.

And while he resigned as chairman of Gome following his detention, he still holds a third of its shares.

The struggle for company control at one of China's biggest electronics retailers may finally be drawing to a close.

Regulators say that caused Gome and its shareholders to lose nearly $207 million.

China's richest man this year was Huang Guangyu, chairman of Gome, the electrical appliance retailer, with a personal fortune of $6. 3bn.

Including those shares, its stake in GOME would be 10% upon conversion of $233 million worth of seven-year convertible bonds.

In late September, Gome shareholders narrowly rejected a resolution by Mr. Huang to replace Mr. Chen with Mr. Huang's younger sister.

When China Paradise was acquired last week, its surprise partner was local hero Gome, China's largest electronics retail chain.

On Wednesday, Gome issued a statement saying that Mr Chen would resign, citing a desire "to spend more time with his family" .

National Day holiday period to carry out promotional activities in Gome .

Such efforts are intended to ensure Gome meets a management target of ensuring profit growth remains higher than sales growth.

But China already has strong electronics retailers like Suning and Gome: Media Market can hardly hope to out-localise the locals.

In this regard, Gome Electrical Appliances Co. , Ltd. , a Zhejiang official said, consumer concern is uncalled for.

In 1987, will be renamed the country the United States and clothing store Gome, the official took to the retail home appliances.

And Gome still has lawsuits pending against Mr. Huang in relation to actions taken against him by securities regulators.

'If there is no change, GOME will soon be surpassed by its competitors, ' he wrote to the board this month.

Gome's search for private equity backing was first reported last December by the Financial Times.

The deal will give Gome, which dominates Beijing and the north, a leading position in Shanghai and on the prosperous east coast.

These include management training and procurement services, provided by Gome to Mr Huang's companies.

Gome announced Monday that its net profit for 2008 fell by 7. 02% from a year earlier, the first ever since listing in 2004.

Yesterday evening, said Wong Kwong Yu has to go home, but the news with their "arrested" the same side of Gome was not confirmed.

Gome to sell a complaint to tell me that you come back, and we will help you change.

Mr Huang said yesterday that Gome and China Paradise would both retain their brands following the merger.

GOME has said repeatedly that its operations are normal and haven't been affected by its founder's resignation.

Bain is Gome's second-largest shareholder, with a nearly 10% stake, after Mr. Huang, who owns about 32%.

Bain, which won three seats on GOME's board Tuesday, now owns a 9. 98% stake in the company.

The particular circumstances surrounding Bain's dealings with Gome and Mr. Huang are unique.

Though locked up, Mr. Huang, who owns about a third of GOME, still likes to keep things interesting.

As part of the agreement Bain Capital will nominate three non-executive directors to Gome's 11-person board.

Yao Jian: On March 15, the subsidy fraud of Gome outlets in Tianjin was exposed. The scandal is a very bad misconduct.

Investment bankers said that overseas retailers in the US and Europe have long coveted Gome's footprint on the mainland.

Given GOME's recent turbulent history, its investors are displaying a high degree of confidence.

Wong's retail chain, Gome Appliances, said it received no notice of such probes.

Wong's retail chain, Gome Appliances, said it received no notice of such probes.

She started as a GOME cashier in 1994 and climbed through the ranks to become a district manager in 2008.

Bain Capital eclipsed Kohlberg Kravis Robertsand Warburg Pincus, two US private equity rivals, in the battle to become Gome's partner.

As other retailers followed suit, Gome's initial advantage dissipated.

Gome is changing from the empire of one man to becoming a truly public company.

GOME survived that loss and now has arranged a capital raising and investment from Bain Capital of US$418 million.

Chapter Four, comparing operation between Sunning and Gome.

GOME said 381 stores are owned by Mr. Huang under the company's management.

Gome has been left in the dust by its nemesis, Suning, now a clear number one by sales, with operating margins twice Gome's.

In 1987, Mr Wong and his brother started GOME and the retailing business in home electrical appliances.

GOME experienced the consequences of unsustainable rapid expansion and had to close more than 100 locations in 2009.

The Sina poll also shows 62% of users saying the GOME debacle has influenced their opinion of entrepreneurs.

Gome reappointed the three directors, and has asked shareholders to re-elect them at next month's special general meeting.

Under new management, Gome has improved its performance.

As Mr. Huang holds one-third of Gome, further management shake-up simply can't be ruled out.

In Chinese cities, the red and blue Gome logo is as distinctive and more common a sight than McDonald's or Nike.

GOME operates about 1, 100 stores selling products ranging from refrigerators and washing machines to cellphones and computers.

Gome announced his resignation as chairman in January.

Also, GOME could use its existing floor space more efficiently.

Gome's board, for its part, has simply reinstated the directors, as is its right.

The stakes surrounding the GOME shareholder vote are high.

Gome, the country's biggest electronics retailer, said that sales per square metre in its shops fell by 3 per cent in the second quarter.

Store layout, inconsistent across Gome's 1, 000-plus stores now, will be standardized, and management information systems upgraded.

Gome has 1, 300 outlets but had expanded too fast, with a focus on opening stores and not on profitability.

Judging from the Gome Electronics battle, we see the importance of proper handling in the relationship between founder and manager.

In the mainland's economic soft landing, Gome to the normal growth of retail business in order to maintain the confidence of partners.

The housing slump is hitting sales and Gome's shares have already fallen 77 per cent this year.

Probing the Chinese Home Appliances Retailing From "Gome Phenomenon"

Revenue from the 381 stores is not counted in GOME's annual revenue.

GOME said there are 381 such stores owned by Mr. Huang under its management, including Jinan Wansheng and Kunming Hengda.

GOME said there are 381 such stores owned by Mr. Huang under its management, including Jinan Wansheng and Kunming Hengda.

Gome has large amounts of short-term credit from suppliers, which is becoming scarcer.

Meanwhile, Huang Guangyu of Gome, another electrical goods company, had donated $7. 1m.

Gome's 2010 annual results are scheduled to be released March 28.

Mr Huang, Gome's founder, resigned his position as chairman in January 2009.

Gome declined to comment further.

He retains most of his shares in Gome and his stake is worth HK$574. 25m ($73. 9m).

Chen Xiao has been leading GOME since Huang was detained on corruption charges in late-2008.

But he will still own nearly a third of GOME and remain its leading shareholder.

Mr Zhang received unanimous support from Gome's 13-member board.

Both Bain and Gome declined to comment.

For the past decade, Gome [pronounced Guo Mei] has been at the sweet spot of the Chinese economy.

Gome and Suning of new media area?

Thursday's agreement prompted Nomura to raise its price target for Gome to HK$4. 10, nearly 30% above Friday's close.

Earlier reports said he was accused of paying bribes to win approval of Gome's stock market listing in Hong Kong.

Goobye , prince Rupert. Gome back! Right now!

Any residual concerns were allayed to some extent by Gome's extraordinary growth.

Gome, the market leader, runs more than 800 stores.

Revenue from the 381 stores isn't counted in GOME's revenue filings.

So why was Gome's founder brought down?

But this will be a long haul back for Gome.

Gome's head of operations, Xiangwei Weng, says his company opens a shop every 30 hours.

Gome's accounts show that a large bond must be refinanced by May 2010.

At its peak, Gome was China's largest retail appliance chain, with 1, 350 stores in more than 200 cities.

Gome's listed unit has yet to release 2006 results.

In addition, gome electrical contractor and price war SuNingYi purchase will play FuWuPai.

Gome has had to change strategies several times.

GOME shares were suspended for trading Monday at HK$2. 36.

There are few business people in China with higher profile than Huang Guangyu, founder and chairman of the Gome electronics retail chain.

That allowed GOME to buy inventory to stock store shelves.

But anyone who has been to a Carrefour hypermarket or Gome appliance store can tell you there are plenty of people lining up to buy.

Suning Appliance, another big retailer, trades at 6. 8 times book value against Gome's 2. 6.

Gome shares were up 2. 8 per cent on Tuesday.

Now Gome founder Wong Kwong Yu, second-richest on our list last year, is under investigation for stock manipulation.

Mr. Chen holds 1. 2% of Gome.

The Gome and Buynow cases mark the first time Microsoft is suing retailers in China, lawyers said.

Mr. Chen prevented GOME from crumbling after Mr. Huang's arrest in March of last year.

Gome yesterday announced a 66 per cent increase in first-half net profit over the same period last year, to Rmb962m ($141m).

GOME runs 1121 stores in China.

GOME currently operates 1, 121 stores, and reported US$6. 2 billion in revenue for last year.

GOME currently operates 1, 121 stores. It reported $6. 2 billion in revenue for last year.

Gome's price in Hong Kong fell by almost 14 percent last week to close at HK$1. 12 on Friday.

Operating margins at Gome, China's second-largest retailer by sales (see chart 2), declined from 6. 2% in 2004 to 4. 4% last year.

Gome's stock, which closed at 2. 30 Hong Kong dollars (30 US cents), has dropped 22% this year.

Validation of GOME polarization measurements by method of limiting atmospheres

Gome affair shows risks of wealth Gome affair shows risks of wealth

Logistics integration of new GOME

Old Friends Battle for Control of GOME

But I will gome back to Guangzhou because I like it very much. (When, I don, t now)