Chen: Country United States Will Introduce Strategic Investors Open Mind
Recently, the Best Buy and States United States Convertible rumor has surfaced, so no smoke without fire, as early as May 2007 the U.S. State
Electrical Chen Xiao, president once stated publicly, “do not lose control of the principle will be considered, including Best Buy, including the introduction of the strategy
Investment Persons. “At that time, the industry is rumored to Best Buy, the former China president Lv Weimin mere figurehead in the news. At the same time on March 14 Gome president Chen Xiao stressed in an interview,” Gome will open the mind to introduce strategic investors. ”
And on February 29, 2008, Best Buy will set up in Beijing, 3 and a half years
Office Room suddenly shut down, Best Buy headquarters in Beijing announced that all the employees laid off, while Best Buy China headquarters in Shanghai
PR Department official explained, due to business restructuring, Best Buy short term will not shop in Beijing. There was industry speculation that the accident may be completely abandon Shanghai Best Buy stores and the second conducted in the United States and the National Capital
Cooperation About. According to industry analysis, if the capital strength to contribute to Best Buy, Gome sides of the convertible, the share price to both push up, institutional investors will also be on the market in the United States and Hong Kong will benefit you greatly. As a
Home Appliances “Wal-Mart,” said Best Buy in China, the five-year average performance of light and after the acquisition of Jiangsu Five Star Appliance unknown, coupled with today’s large-scale Gome and Suning Appliance’s high-speed acquisition of the expansion, leaving 100 Best Buy already limited expansion of the site.
Links Best Buy, according to media reports the largest institutional investors CapitalGroup is already a major shareholder of Gome. According to Best Buy (NYSE: BBY) 2007 Annual Report of the disclosure, the chairman RichardM.Schulze holding 7400 shares, representing about 15% shares. The top five institutional investors, holding the number of number one is CapitalResearchandManagementCompany, holders of 7350 shares.
Capitalgroup very active in the Hong Kong market, often appear in the H-shares of mainland companies on the list released its footprint, “riding and” China National Petroleum, China Shenhua, conch
Cement And so on. Under Conch Cement (600585.SH, 0914.HK) to disclose semi-annual report for 2005, the main shareholder information in the TheCapitalGroupCompanies, Inc, through its “two wholly-owned subsidiary CapitalInternational, Inc and CapitalResearchandManagementCompany nominal and beneficial as identity of owners hold. “” According to the <
Securities And Futures Ordinance>, CapitalGroupCompanies, Inc is considered to have all CapitalInvestment, Inc and CapitalResearchandManagementCompany shares of the Company held interests. ”
Thus, holding 15% stake in Best Buy’s largest institutional investors CapitalResearchandManagementCompany, it holds a five percent stake in Gome’s CapitalGroupCompanies, Inc a wholly owned subsidiary.
Analysts believe, CapitalGroup large investment institutions as the United States, its
Fund Wal-Mart and many other retailers
Stock
Are heavily loaded, heavily loaded with Gome’s shares is also normal. But if there is access to excess return, these investment institutions will no doubt go-between, try to match.
I am a professional writer from China Toys Suppliers, which contains a great deal of information about room evaporative cooler , admiral home appliances, welcome to visit!
Processing your request, Please wait....
