129773903215312500_108Ma sent a letter to shareholders we hope that privatization of the sympathetic Mr Niu outgoing directors
On March 27, according to the Oriental Morning Post reported, Alibaba network limited (01688.HK, hereinafter referred to as "Ali B2B companies") start the delisting process is over in January, on March 26, the company's Chairman Ma sent a letter to company shareholders, want to be understanding for the privatization of the latter decision, "despite the privatization price, pressure
tera gold, process is veryMurder, but we chose to change. We would rather have an imperfect reform, will not see a future without hope. "With Ma open letter also disclosed, and Ali B2B information on changes in the part of the directors and executives of the company, the company's former Executive Director Peng Yijie has been converted to non-executive directors; former Chairman of mengniu Niu gensheng, you may follow the following conventions, this yearRetire as independent non-executive directors of the company. Ali in the latest bulletin of B2B, and had not referred to its controlling shareholder of Alibaba group United States Yahoo deal status of progress.
But the coincidence is, Yahoo also revealed in 26th a reorganization of its Board, which will take place in April named three independent directors in order to restore shareholder confidence. Ali, two major predicaments in yesterdayIn an open letter, he referred to the company now faced two major difficulties: raw materials, exchange rates and rising labor costs, as well as the European debt crisis, the United States comprehensive factors such as economic recovery slow, small and medium enterprises as a result of difficulties of life; and company in early 2011 because of bad faith supplier event is raised by the incident, "we have lost the led the growth of listed company for more than four yearsElvis Lee Wei
tera gold, Chief Executive and Chief Operating Officer, business development was affected.
"According to Mr Ma said, B2B has not only met Ali in as an Internet platform for solving information asymmetry, and Ali acquired Shenzhen Datong and other related companies, supply chain services and attempts to provide depth, with a view to transition to a trading platform. MaTaking a step, local small adjustments are Alibaba cannot be fundamentally improved, transforming a mature model more difficult than expected. On February 21, Ali sudden announcement of suspension of B2B companies, Alibaba group will purchase all of the issued shares of HK $ 13.5 per share, estimated funding of the deal amounted to HK $ 19 billion to the leftRight. If the deal is successful, Ali, B2B companies will exit the publicly traded market, return to the embrace of the Ali group.
The success of the transaction, shareholders vote will depend on the next circulation and approval from the regulatory authority. On March 26, Ali B2B companies disclosed annual report data, in 2011 the company revenue for the year rose to 15.5% Yuan$ 6.42 billion, net income of $ 1.71 billion yuan, an increase of 16.6%.
Yahoo's reorganization of the Board along with the "revolution" calls, is Ali B2B companies members of the Board of adjustment. According to yesterday's announcement
tera power leveling, Ali B2B companies Board of Directors currently comprises 12 members, among which there are 4 independent non-executive directors. MA BoardI, but company director Peng Yijie's position changes, has been converted to non-executive directors, the changes had occurred on March 12 this year. It is worth mentioning that, on March 9, the Alibaba Group announced on 22 senior management cadre of the group-wide implementation of job rotation, message, Peng Yijie B2B companies ICBU, General Manager of the post by Ali moved to group staff.Ali group potential deals United States Yahoo, also disclosed yesterday the Board restructuring. According to Yahoo, the company will be named April 3 independent directors, namely the credit card company United States express high Guan Haisi (John d. Hayes), Discovery Communications Inc., former chief operating officer LeeGaury (Peter Liguori), and InterActiveCorp outgoing Chief Financial Officer Thomas McInerney (Thomas j. McInerney). After this introduction, together with 4 other directors resigned at the shareholders meeting this summer, when the Yahoo Board will consist of a 10-yearMembers that have joined since. Yahoo expected management reorganization restore shareholder confidence, out of trouble.
Reorganization of its Board of Directors has carried out several months earlier this year, Yahoo co-founder Jerry Yang quit the Board of Directors, appointed two new directors join, one of whom was former eBay high Guan Weibo. Alibaba recently said, the Group has not terminated the negotiations with Yahoo,In normal.
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