Editor's notes |
Jailed tycoon Huang Guangyu lost his battle to wrestle back control of Gome Electrical Appliances, China's second largest electronics retailer. The battle for corporate control has triggered heated discussions in China. Some experts justify Chen's taking over as a sign of progress in China's corporate system, while most Internet users and some businessmen say Chen betrayed his boss to steal the company. |
Latest developments | |
Huang Guangyu responds to voting results Huang Guangyu, the jailed founder of China's largest appliance retailer GOME, issued a statement Tuesday night responding to the results of a special general meeting. | |
• Chen Xiao resumes post as Chairman of Gome • Jailed tycoon loses battle for Gome • Huang Guangyu responds to voting results • GOME shareholders vote against motion to oust chairman Chen Xiao • Shareholders of GOME to decide fate of chairman • Jailed tycoon calls for shareholders' support • Gome spat stirs up challenges • Huang battles hard for control of Gome • Gome founder Huang Guangyu appeal rejected • Battlelines drawn in Gome tussle • The battle for Gome turns personal
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