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The former executives to leave the country yongle chen xiao cheap eat u s shares by gfgegnnm hhbnmkl





Article Author Biography
The former executives to leave the country yongle chen xiao cheap eat u s shares by
Article Posted: 06/25/2011
Article Views: 48
Articles Written: 1281
Word Count: 637
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The former executives to leave the country yongle chen xiao cheap eat u s shares


 
Business,Business News,Business Opportunities
President CHEN is a variety of ways to increase their own country the United States shares. Reporter yesterday learned that, in addition to the cast then set Morgan Stanley

And holdings from the secondary market, the Chen Xiao has also low-key "eat" part of the left executives of the shares.

3 earlier this month "

General Manager of Shanghai Branch Paradise Bo Jiangyong

departure last week. This is a country the United States, Wing-lok, completed in early March, "the merger of pay", the Paradise area the highest level of resignation

Personnel. And when he left, his country held by the United States shares sold to Chen Xiao, was the country than the U.S. stock price has tumbled by about 10%.

Bo Jiangyong This is not a special case. States United States

(0493.HK) president Chen Xiao told reporters yesterday, said, in addition to Bo Jiangyong, he has also bought several other executives left the hands of Paradise holdings, together with access plate from the hands of Morgan Stanley's stock, he United States and individual countries gradually increased the proportion of shares held, has about 3% from the initial to nearly 5%. Chen Xiao also said that future U.S. stock price according to the country, he will further acquisition of Gome shares, less shares in thousands.

Chen Xiao explained that under the original country the United States when Yongle the merger agreement, the end of 2008, Paradise within the old shareholders can transfer shares, not in the secondary market transactions. Therefore, some executives to leave Paradise shares most of his transfer to the Chen Xiao. Large number of these stocks has a one-time sale, the price will naturally be discounted.

Executives have left more than

Since last July the country since the U.S. announced the acquisition of Yongle, just eight months, the former vice president of Wing Lok beam as, Liu Hui, Zhou Meng, CFO Jian Zhang and General Manager of Shanghai Branch Paradise Bo Jiangyong other than shares held by Wing-lok company executives have left the company. Chen Xiao admitted that the original state when the U.S. acquisition of Yongle, and there will be some staff turnover is expected, they had an estimated 5% of staff will leave the company, the employees leave the present situation is still within the range of 5%.

But insiders Paradise Paradise about 50,000 employees, former employees may not reach 5% or the ratio of 2,500, but the number of management will be left far more than 5% of this proportion. "Yongle some executives hold company stock, naturally somewhat different mentality. I think, can not meet the country the United States, Paradise merger, attitude adjustment, but to the people, they should leave." Chen Xiao said.

Pay the standard since the original Wing-lok system was higher than the U.S. system in the country, new country in mid-March so the U.S. has completed a "merger of pay" reform. Chen Xiao introduction, this reform designed to make everyone pay and performance has a positive incentive. But the reporter learned that the reform in place, the Paradise of the staff in general feel a decrease in salary, so the future will be some people choose to leave. In addition, stores adjusted, Yongle will decrease the number of employees. Paradise on the Mainland there prior to the acquisition of 18 branches after the acquisition was reduced to 12, and withdrawn recently and the Anhui branch in Xi'an, in situ dissolution of many employees. Chen Xiao said in Shanghai will focus on adjusting a number of countries the U.S. is not the ideal store location.

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