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Click here to view all news photos Strive to get out Morgan Stanley, Warburg Pincus, Magnolia investment management company, Bain Capital and other private companies with According to Reuters, China Gome retail giant is in talks with potential investors may be issued new shares to raise capital. Sources said potential investors have new management with the country the United States held preliminary talks. 2 1 the correspondent call the country the United States, spokesman Yang Qing, but he declined to state the U.S. will issue new shares, the introduction of private capital and other messages for comment. At present, Gome, founder and former Chairman of the Board is now being investigated Huang Guangyu, Huang Guangyu into legal trouble last year, the country head of the United States by the new leadership of Chen Xiao. To sell 20% stake in private equity? It is said that the Chinese home appliance retailer Gome has been authorized by shareholders, it may be planning to sell to private equity 20% stake in the company. In Gome, founder and former chairman Huang Guangyu alleged economic crimes investigation by public security organs, the country urgently needed money to repay U.S. debt maturity and the promotion of internal cash flow. The end of last Nov. 24 suspension, GOME price of 1.12 Hong Kong dollars per share, total market capitalization of 14.3 billion Hong Kong dollars. According to the latest U.S. state earnings, the company by the end of June last year, has a total of 3.4 billion in cash, only about half of the same period in 2007. Gome said in its semi-annual report, a significant reduction in cash flow mainly due to stock repurchases and debt repayment costs the company a lot of money. According to CSC Securities Data, the National US-current liabilities ratio up to 38%, and to this, the China's largest electronics retailer There is no long-term liabilities appliances. Credit Suisse analyst MicheleMak and AaronYeung released last November, said the investment report, the National United States in May 2010 before the financing difficulties faced huge, unless the incident quickly clarified Huang Guangyu, the financial position of the United States or the country will be further deterioration. The inescapable fact is that, as of November 2008 the United States by the Hong Kong Stock Exchange suspended the country, the stock market in 2008 has shrunk 77%. Some analysts said the reason for the sale of the shares capped at 20% because of higher than 20% of the new shareholders will have voting rights in Gome. Huang Guangyu, and companies in the survey within a few months can not stay in touch with the situation, once the new shareholders have voting rights on the country since the U.S. is undoubtedly set of shackles. According to statistical data the previous day, the market value of 2.9 billion Hong Kong dollars Gome (about 374 million U.S. dollars). Allegedly States United States is in talks with potential investors, may issue new shares to raise capital. I am an expert from acrylic-organizer.com, while we provides the quality product, such as Acrylic Pen Holder Manufacturer , Acrylic Knife Block, Clear Acrylic Frames,and more.
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