China News Service Client, Beijing, June 24 (Reporter Wu Tao) After several years of news that "Huang Guangyu was released from prison", there was finally a practical progress on June 24-"Huang Guangyu was released on parole".
Data Map: Huang Guangyu
On the afternoon of the 24th, a number of media reports that "Huang Guangyu was released from prison and he is now in Beijing" also caused the stock price of Gome to soar. After Huang Guangyu's return this time, can he lead Gome to create greater glories?
Parole release
According to the evening news of the WeChat public account of the Beijing Higher People's Court, on June 24, 2020, the Beijing First Intermediate People's Court ruled that Huang Guangyu should be released on parole according to the law. The parole test period will be from the date of parole From February 16, 2021.
Screenshot from the Beijing High People's Court public account "Beijing Law Network"
On November 23, 2008, Huang Guangyu was detained by the police for alleged economic crimes. On August 30, 2010, the court pronounced that Huang Guangyu was sentenced to 14 years in prison for the crime of illegal business operation, insider trading and bribery.
According to the Beijing Second Intermediate People's Court's commutation decision on May 31, 2016, Huang Guangyu passed the commutation two times. After the commutation, the sentence should be executed until February 16, 2021.
This release date has also been confirmed internally by Gome. On April 1, 2019, some media said that Li Hong, director of Gome Retail Investment Relations, revealed that Gome Retail founder Huang Guangyu was released from prison next year. Subsequently, Li Hong denied, "The reporter heard it wrong, and Huang Guangyu's normal sentence will not change until February 16, 2021."
In fact, the news that "Huang Guangyu was released from prison" was spread almost every year. In 2019, the news that "Huang Guangyu was released from prison" was heard in February and April. Some netizens said that I have heard the news that Huang Guangyu was released from prison for N times, but this time it was finally “true news”.
Data Map: Gome's offline retail stores.
Gome stocks skyrocketed
Why is the news of "Huang Guangyu released from prison" so concerned?
It is understood that Huang Guangyu, a native of Chaoshan, Guangdong, was born in 1969. In 1987, Huang Guangyu founded Gome. In 2004, 2005 and 2008, Huang Guangyu won the Hurun Rich List for the third time, the richest man in mainland China. Huang Guangyu's personal wealth reached 45 billion yuan at its highest.
In addition to having the halo of the richest man, it is interesting that the stock price of listed companies in the Gome department will soar almost every time before "Huang Guangyu is released from prison".
Every time GOME issues an announcement, any information about Huang Guangyu is based on a judiciary or company announcement. But still can not resist the enthusiasm of investors.
For example, in February 2019, it was reported that "Huang Guangyu will be released from prison." The listed companies of Gome Department both experienced a sharp rise in share prices on the morning of February 14 and 15.
This time is no exception. On the 24th, the stock prices of Zhongguancun, *ST Amex, and *ST Jintai quickly moved up and down in the afternoon. Hong Kong stocks Gome Retail once rose more than 20%, Gome Financial Technology rose more than 60%. However, this time Huang Guangyu was really released on parole.
Gome stocks closed up and down on the 24th. Screenshot. Note: The top three are Hong Kong stocks in units (HKD).
Can it lead Gome to rise again?
Although Huang Guangyu’s richest man’s halo disappeared on parole, Huang Guangyu’s “basic disk”, Gome, still exists, and the changes in the past year have also been quite large.
Recently, Gome began to distribute live broadcasts, and its "home·life" strategy is still continuing. It is not difficult to see that Gome is trying to keep itself from falling behind.
Gome has also become more and more open, embracing more partners. On March 13, the official flagship store of Gome officially entered Jingdong. One month later, on April 19, the official flagship store of Gome entered Pinduoduo.
On the evening of April 19th, Gome Retail also issued an announcement that Pinduoduo will subscribe to its issued US$200 million convertible bonds for a period of 3 years, with a coupon rate of 5% per annum and a conversion price of HK$1.215 per share. If all the conversion rights are exercised, Pinduoduo will own approximately 5.62% of Gome Retail's equity.
On May 28, JD.com announced a strategic investment in Gome Retail to subscribe for overseas convertible bonds issued by Gome Retail for US$100 million. According to the agreement, the two parties will integrate and complement the commodity supply chain, and will achieve resource sharing in logistics distribution and installation services, as well as business development including financial services.
Data Map: Gome's offline retail stores.
The above-mentioned actions of Gome have different interpretations. Some analysts say that the former retail king is now looking down; some analysts believe that this is a win-win cooperation, and Gome does not have an obvious "stop team", but only embraces more traffic ports; others think it is for Huang Guangyu Prepare for release from prison, "Multiple friends, multiple paths."
As early as 2019, some insiders analyzed that Gome was preparing for Huang Guangyu's release from prison. The iconic action is that on January 31, 2019, the legal representative of Beijing Gome Electrical Appliance Co., Ltd. was changed from Huang Guangyu's mother Zeng Chanzhen to Liu Lihuan, and Zeng Chanzhen no longer served as executive director and manager. At the same time, the supervisor of Beijing Gome Electrical Appliance Co., Ltd. was changed from Zhang Ye to Cao Liliang.
According to Gome's company report sorted out by Tianfeng Securities, its Hong Kong stocks include Gome Retail, Gome Fintech, and NetEase. A shares include ST Amex and Zhongguancun. The actual controller of China Beauty Retail is Huang Guangyu and his wife, who jointly hold 50.26% of the shares.
Data Map: Huang Guangyu
Therefore, regardless of whether Huang Guangyu is released from prison, Gome Retail is still in the hands of Huang Guangyu. But whether Huang Guangyu can lead Gome to ride the wind and waves again is another matter!
Since 2017, Gome Retail has suffered a total loss of 8 billion yuan in three years. *ST Meixun has accumulated losses of more than 1 billion yuan for two consecutive years, and it has also been losing money year after year. The market value of Gome’s retail sales of more than 34 billion yuan has shrunk significantly compared with the market value of 10 years ago.
This time, when 51-year-old Huang Guangyu returns, how will he reorganize Gome? (Finish)