GOME spat with founder continues
In the latest development in the ongoing feud between Bain Capital investee HKSE-listed GOME Electrical Appliances Holding Ltd. and its disgraced and imprisoned founder Huang Guangyu, Huang has apparently sought to terminate procurement and management agreements between the HKSE-listed entity and a company controlled by him in Beijing, if the former votes against measures put forward by him at a special GM of GOME in late September.
GOME in Hong Kong publicly announced that the status of the agreements should not significantly affect the business of the company. Huang has apparently sought to increase his voting stake in the company...
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