2017年9月20日星期三
 
專家論市
Martin Hennecke

Belle explains shareholder vote on privatization
 
18/07/2017
 
China's biggest women's footwear retailer Belle International Holdings (1880) said 98 percent of shareholders voted in support of privatization.

Media had reported that some new shareholders purchased shares of the company before the vote on privatization, and some of them are staff of Belle. Rumors said such behavior could increase the number of shareholders voting for the privatization.

Chief executive Sheng Baijiao said it was spontaneous behavior and the company had not given any order to do that. He had no worries if regulators investigated the company.

Sheng said media reported more than 300 Belle staff bought stakes in the company, but only one of them attended and voted.

Belle expects to withdraw the listing of the shares on the Stock Exchange on July 27.

He said there is no discussion about letting Belle debut on the mainland's A share market at present. Even if the company has plans, it should take three years to apply.

China Household Holdings (0692) has been ordered by the Securities and Futures Commission to suspend trading under the Rule 8 (1) of the Securities and Futures Rules.

The company said in an exchange filing that the SFC has suspicions about its 2013 financial data. The company has set up an independent board committee to investigate.

Short-seller Blazing Research published a report last month saying that the majority of China Household's revenue and net income since its backdoor listing is "fabricated." Trading of the company halted on June 22.

上一篇新聞 : Bidders step up for Excelsior
 

 

 
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