Break up large and medium Paradise will go from here - Yongle, Dazhong - HC network appliance indust

"I declare that the large and medium
Electrical
Formal and Yongle
Life
Home Appliances
Surrender! "October 23, Song Hong, general manager of Dazhong Electronics solemnly declared; At the same time, living in Shanghai, China Paradise president Chen Xiao said in a telephone, medium and large firm must oppose the unilateral termination, and will draw on relevant issues arbitration.

Sized from the April 19 announcement in Hong Kong Paradise Paradise within a year through a share exchange to acquire large and medium, to the court today, just five months, interest for a pair of "quasi-new" from love and into each other's throats. "In the future in connection with the Da friend did not have to do!" To hear the news of large and medium for dissolution, Chen Xiao fiercely on the side of the employees said.

"Today we held a press conference, Dazhong and Yongle on marks from the private negotiations, the negotiations have entered a stage of the arbitration law, who is wrong, will be
Law
To judge. "Said Song Hong, general manager of Dazhong Electronics.

"We were merged with the Wing-lok, taking into account the two-Fang Yinan an operation north of complimentary strengths, and
States United States
Merger we have never considered. "Strategic Development Consultant House Dazhong Electric Light admitted applicants. Yongle and the National US negotiations in view of the merger of Dazhong and Yongle proposed lifting
Cooperation
Agreement, but the Wing-lok said that energy is mainly used for negotiations and the National United States, want to suspend processing medium and large. Paradise and the National US-merger sensation throughout the home appliance chain industry, 25 July, the National US-Paradise in Hong Kong of the merger announcement, while medium and large on the national U.S. Paradise merger assessment is "the country the United States will, Yongle choice", medium and large sit on the sidelines.

"8 4, we call the Wing-lok, demand the lifting of" strategic cooperation agreement, "but Paradise has expressed the hope that medium and large continue to implement the agreement, but Paradise is incorporated into the beautiful country, whom we talk to, share exchange also how to do? "Dazhong Electric Light Strategic Development Consultant House Shen said angrily. "We want to negotiate any other partners should be in a free, fair and equal manner, medium and large will not talk about wearing the yoke of this agreement." SONG, general manager of Dazhong Electronics in an interview said.
Dazhong and Yongle's court
fact also means that large and medium and the National United States - the probability of Paradise camp has been very little cooperation. "Mr. Zhang Dazhong and Yongle's cooperation before taking into account the three points, medium and large electrical embodies the value of large and medium brands retained the stability of medium and large staff to achieve these three points, medium and large, and no one can talk about." Great Strategic Development Consultant House in electric light, said Shen.

"In fact, medium and large with Suning recent high-level meeting between the special frequency, the two sides have been talking about co-operation goes." Medium and large internal stakeholders told reporters. Su Ning, medium and large on the issue of whether mergers and acquisitions, Suning CEO Sun Weimin admitted to the newspaper, "was large and medium cooperation with the Wing-lok, Da is expressed in the attitude to sell, but it will not be Suning took over, we should give more consideration Suning
Investment
People's interests. "Paradise on the medium and large with the current dispute, the people that the Sun will certainly be large and medium negotiations with other partners an impact," but I think the current status of large and medium seize the initiative even more, one is sized according to the first stand up and cancellation requests ; second, 150 million down payment is now in the hands of large and medium. "





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