Chen Xiao, President Of Gome Daughters Into Overnight Billionaires
Cited Rubei En investment financing options finalized
States United States Electrical equipment constantly Bain began to prepare the United States stationed in the country. In order to Bain Capital vacated position, last week announced several executive personnel changes Gome. Financing options for the placement arrangements in the old shareholders, Gome has also announced that Chairman of the Board by the Paradise Trust CHEN control dissolved, after which the Chen Xiao, Gome on behalf of all holders of shares will be returned to the beneficiary to dispose of .
According to Gome recently announced, Chen Xiao announced that its control of the Paradise Trust restructuring. It is understood that Gome acquired in 2006, Paradise, the Paradise part of employees and stakeholders to set up the Paradise Trust, to the interests of all its Gome in trust for the transfer on behalf of one held by the Chen Xiao.
At the same time, equity in the restructuring of the Gome, Xiao-he holds shares in the 7000 million gift his daughter Chen YE. This gift is concluded, Chen Xiao personal stake in the country the United States remaining 1.91%. GOME Electrical Appliances by yesterday's closing price of 1.9 HK dollars, Chen Ye held 7,000 shares of stock which the market value of 1.33 billion Hong Kong dollars, she thus in one fell swoop among the Chinese billionaires list. It is learned that there are two daughters, Chen Xiao, Chen Ye is the eldest daughter. Chen Xiao said earlier that the two daughters he liked, but owe more on the daughter.
Gome spokesman Ho Ching Yang said the outside world, "This is a conventional arrangement solved by countries in the Yongle Chen agent after the U.S. acquisition of the status of shareholders, the shareholders will be further clear stake in the company conditions conducive to improving corporate governance. "
To informed sources, the program is intended for the financing plan Gome made. Financing plan in Gome, one of which is in accordance with the provisions of the old shareholders are entitled to accept the allotment price of Paradise, after the dissolution of the Trust, the real beneficiaries according to their own needs to determine whether subscription.
Last month, due to Huang Guangyu Events suspended seven months Gome announced that Bain Capital will issue 15.9 million the total amount due 2016 convertible bonds, another proposal for the 18 shares 100 shares were issued 2,297,000,000 ~ 2,485,000,000 shares new shares, valued 0.672 Hong Kong dollars per share, thereby raising not less than 3.236 billion Hong Kong dollars.
Since June 22 announced the financing plan and the restoration of Gome, the market for Gome "to Wong Kwong Yu" of that bullish, after resumption of trading to close yesterday, Gome has risen by about 88.49%. After the announcement of the restructured company, yesterday Gome stock was also strong, up 7.955 percent, to close at 1.9 Hong Kong dollars.
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