States United States: case not prevent the reorganization of Triple shareholders

Send notice said
Sanlian Group
Has
GOME Electrical Appliances
Auction contract dispute litigation.
States United States
Electric said it had received notice of the respondent Shandong High Court, but the country the United States will convene as scheduled triple trading company Extraordinary General Meeting.

Triple trading company shares struggle resumption of the war, triple triple trading company old club again, Gome Group and the new owners are killing blows.

Triple Trading Company (600 898) last night (January 14, 2009) issued notice that, triple GOME Electrical Appliances Group has sued the auction contract dispute. Today, Gome said it had received notice of the respondent Shandong High Court, but the country the United States will convene as scheduled triple trading company Extraordinary General Meeting.

Triple: States United States shares the auction should be null and void

Triple trading company announced last night showed that triple GOME Electrical Appliances Group has the auction contract dispute litigation. Triple Group believes that there are many questionable points in the auction, was a malicious application through the auction, bid rigging, illegal auction a controlling stake in listed companies plunder, squeeze out competitors to suppress a hostile takeover, illegal acquisition.

Ruling that the stock triple group asked the auction null and void, ruling requests, including Gome, including loss of 50 million yuan compensation for the defendants jointly and severally, temporarily retain the right to claim huge losses.

The lawsuit by the Triple Group in December 25, 2008 filed on January 8 by the Shandong Provincial High Court accepted and will be at 9 o'clock on the 18 February at the Shandong Provincial High Court trial.

States United States: the convening of shareholder lawsuits will not stop
GOME Electrical Appliances Holding is an indirect
Longji Island Construction Co., Ltd. Shandong, said the notice, on 16 December last year, on December 23 triple trading company in writing to the Board of Directors issued a provisional shareholders meeting held on the draw request and submitted to the Board of Directors on the triple trading company, the board of supervisors election proposal, the Board held in triple trading company did not send notice of the EGM.

According to the relevant provisions of the articles of association of listed companies, in such cases, the largest shareholder of triple trading company, wholly owned subsidiary of Shandong Longji Gome island legally held their own triple trading company in 2009 called the first Extraordinary General Meeting .

The time of shareholders held on February 2, the motion of a total of 12 votes, appointment and removal of all directors and supervisors the proposal. The shareholders will consider removed from the Triple Group, FENG Wei-zhong, ZHANG Xing-chu, bo, Hanbing Hai, Zhang new board members from office proposal, and consider the election of national beauty nominated Wang Junzhou, Sun 1 D, Hu Tiansen, Lu Tao, Mu you first, temperature was to the proposal for the board members.

"Triple case can not prevent States United States held a provisional shareholders meeting on time." Today, Gome said that they held a provisional shareholders meeting, is seen as triple listed company trading companies operating conditions further deteriorate. Hope that through the reorganization of the board, maintaining the interests of all shareholders.

Public information, triple trading company a loss 5.66 million yuan in 2007, ended the third quarter of 2008, a deficit of 44.186 million yuan.

Industry: triple the country shares a battle of wits is a toss-US

A legal profession that the court proceedings GOME triple time on February 18, so on February 2nd meeting of shareholders, Gome smooth exercise of such voting shares, the National Board of the United States re-triple trading company should not be obstacles.

But who also pointed out that triple regain control of the Group, from the legal point of view is not impossible, "That depends on whether the court ultimately finds that auction, the auction procedures, there are some flaws, in addition to the discretion of the judge is important factor. "

Today (January 15, 2009), rose opening triple trading company, or 10.12%, to close at 4.68 yuan.

Industry believes that, despite the lack
Huang Guangyu
Behind the scenes the director, Gome and triple gang "equity battle of wits" is still to continue.

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