Chen Xiao News
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Gome Electrical Appliances Holding Ltd. fell the most in almost three years in Hong Kong as Credit Suisse Group AG downgraded the Chinese appliance retailer’s stock over corporate governance concerns.
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Gome Electrical Appliances Holding Ltd., China’s second-largest electronics retailer, fell the most in more than a year in Hong Kong trading after saying it plans to set up a property venture with its jailed founder.
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-- Gome Electrical Appliances Holding Ltd. , China’s second-biggest electronics retailer by market value, appointed Executive Vice President Wang Jun Zhou as president after Chen Xiao resigned from the post.
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JPMorgan Chase & Co. agreed to pay $153.6 million to settle U.S. regulatory claims it misled pension funds and a Lutheran group while selling a product linked to risky mortgages as the housing market unraveled.
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HNA Group, controlled by China’s Hainan provincial government, said it is in talks to buy a commercial property in Beijing owned by Gome Electrical Appliances Holdings Ltd.’s jailed founder Huang Guangyu.
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Gome Electrical Appliances Holding Ltd., China’s second-largest electronics retailer, said it filed a lawsuit in Beijing against former chairman Chen Xiao for breaching an agreement to protect the company’s reputation.
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Gome Electrical Appliances Holdings Ltd. , whose billionaire founder Huang Guangyu is facing bribery charges, forecasts sales growth will accelerate in China even as the government moves to curb speculation in the housing market.
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Gome Electrical Appliances Holding Ltd. Chairman Chen Xiao quit, succumbing to a seven-month campaign by billionaire founder Huang Guangyu to reassert control over China’s second-largest electronics retailer from a prison cell.
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Gome Electrical Appliances Holding Ltd. fell the most in a week in Hong Kong trading after a newspaper reported its former chairman as saying the company’s targets are unachievable and the stock has no prospects.
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Billionaire Huang Guangyu ’s representatives are talking with Gome Electrical Appliances Holdings Ltd. about continuing the company’s procurement and management agreements with his 400 privately owned stores.
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