Frequent contact with U.S. institutional investors in the country Carlyle is int
Although
GOME Electrical Appliances
Deputy Chairman of the Board of Directors and President Chen Xiao said earlier position there is no sale of stock plans, but reporters on the 24th was informed from the sources,
States United States
Electric companies to increase their investment matters are on the active contact with various institutional investors. "Both foreign PE, there are Chinese-funded investment agency background." The source said, which looms even well-known private equity investors Carlyle figure.
However, the source further pointed out that before there were media reports, including Warburg Pincus, including, various agencies are only at the contact stage.
Have sources to the Shanghai Securities News said, Gome is frequently take the initiative, in close contact with institutional investors. "States United States to find a lot of institutional investors to sell some shares." It is reported that these institutional investors are not as originally thought by the transfer, the limited foreign PE, even in the capital during the background of institutional investors to participate. But until now, various agencies stay in contact with just the stage. "U.S. investment plan for the country more seriously, to consider the follow-up of the enterprise, will be related events." A head of private equity investors, said frankly.
Earlier this month, market rumors, the country has invested U.S. executives has issues with several foreign counterparts, and the global private equity funds approached. If the progress of strategic investment to continue the negotiations, Warburg Pincus Asia Qiang Sun executives will play a key role. At that time, Chen Xiao told newspaper reporters that the rumors and the lack of the letter, Warburg Pincus has always been a strategic investor in the country the United States, and Sun Qiang as non-executive directors, the company does not sell shares at the current plan. But he admitted the company did have contact with investment banks, and at this stage and will not release announcement on the matter.
Warburg Pincus Investment Group is a U.S. private equity and venture capital funds, Qiang Sun is responsible for Warburg Pincus Managing Director, North Asia investment business. Reported in 2004 in Hong Kong-listed Gome process, Qiang Sun, and Warburg Pincus in which "played an irreplaceable role." In this Nov. 27, GOME Electrical Appliances for
Huang Guangyu
Under investigation committee set up special operations, Sun Qiang also become members of them.
2006 2 months, Hua-ping through the subscription of 125 million U.S. dollars Gome issue convertible bonds and 25 million U.S. dollars in the form of shares and warrants held by Gome's 177 million shares of stock. But a year later in May 2007, Warburg Pincus by the reduction of 9,100 shares of Gome shares to recover the initial investment is not only cost but also get 2 billion profit. Over the same period, Gome placing of new shares and issue of convertible bonds refinancing 6.55 billion Hong Kong dollars, the two countries after the transaction, Warburg Pincus holds less than 5% stake in the U.S., no need to disclose holdings. States United States for China to increase their investment level negotiations involving the rumor, on the 24th there is another source told reporters that he understood that Warburg Pincus may even have no intention of replenishment.
No smoke without fire. With the market rumors States United States on the investment of the contact with a number of overseas counterparts, national beauty and convertible between Best Buy rumors again mentioned. In fact, nearly two years, the National Best Buy Beauty and the convertible will be prevalent rumors, most recently earlier this year, when rumors Fang Jian, China and the United States are brewing a large-scale conversion of Best Buy, which involve China, Best Buy results of all the expansion, including its Shanghai Five Star stores and assets. Best Buy may be a "Best Buy China," as a capital injection in exchange for shares in the country some of the U.S., but does not seek controlling stake. But the argument then was the country the United States and denied both Best Buy. The main reason for the renewed rumor is that CapitalGroup other three foreign investment institutions as Gome and with Best Buy's shareholders, and therefore can not rule out the possibility. In this regard, Chen Xiao told reporters on the 24th made it clear that never happened.
Information:
Huang Guangyu, or placed high-level trusted authority decentralized States United States
GOME spokesman refused to comment, "the cuckoo have fled abroad," rumors
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