Posts Tagged ‘Huang Guangyu’

Jailbird Huang Offloads Tech Retail Assets In China

Huang Guangyu, who was sentenced to more than a decade behind bars in China for stock market manipulation, has finally sold his controlling assets in his electronics retail firm. Gome Electrical Appliances Holding Limited published a report that the company has reached a revised agreement to acquire retail assets owned by its controlling shareholder Huang […]

China’s Gome To Sue Former Chairman

Chinese electronics and home appliances retailer Gome has announced that its board of directors has decided to sue its former executive director Huang Guangyu. As part of this initiative, the company requires Huang to compensate losses caused by his irregular activities in the repurchase of shares of Gome at the beginning of 2008. According to […]

Gome’s Affiliate Involved In Bribery

Beijing No. 2 Secondary Court has issued an indictment to Gome Electrical Appliance Company, a wholly-owned subsidiary of Chinese electronics retailer Gome, which has allegedly been involved in a bribery scandal.
According to the indictment, GEAC was involved in part of a bribery plan that was worth totally CNY4.56 billion between 2006 and 2008 when Huang […]

Chen Xiao Replaces Huang Guangyu As Gome Chairman In China

Chinese electronics retailer Gome Electrical Appliance has published a report that Huang Guangyu has resigned his positions as director and chairman of the board of Gome, replaced by Gome’s current executive president Chen Xiao.

Gome Suspends Administrative Duties Of Huang Guangyu

Chinese electronics retailer Gome has officially suspended the administrative duties of its chairman Huang Guangyu.

Rumor: Gome May Sell Stake To Foreign Investors

Chinese electronics retailer Gome, whose chairman Huang Guangyu is currently under investigation for financial crimes, has started initial negotiations with foreign investors for the possibility of sales of stakes in the business.

Gome Hires Ernst & Young For Financial Audit In China

Hoping to bolster investor and supplier confidence, Chinese electronics retail giant Gome has hired the Ernst & Young Hong Kong office as an independent external accounting division to check Gome’s financial conditions as of November 30, 2008.

Best Buy Opens Two New Stores In Shanghai

With Chinese electronics retailers pessimistic about the next few financial quarters because of the financial crisis, Best Buy (BBY) has its blinders on in China and has just opened two new stores in Shanghai, increasing its total retail outlets in China to four.

Gome Appoints President Chen Xiao As Acting Chairman

Chinese electric appliances retailer Gome has published a notice stating the company has appointed its president Chen Xiao as acting chairman.

Sharp Signs CNY1 Billion LCD TV Contract With Gome

The Japan-headquartered TV maker Sharp has signed a CNY1 billion LCD TV supply and marketing contract with Gome Electrical Appliance at the Chinese retailer’s headquarters in Beijing.