The Dispute Between Xinhua Department Store And Equity Department Is Due To The Craziness Of Private Leader, Cui Jun.

In April of this year, Cui Jun first raised the name of Xinhua Department store.

In the next two weeks, Cui Jun was two degrees faster.

In July 16th, Xinhua Department announced that Cui Jun's treasure Shanghai and Shanghai trillion win four degrees were the Xinhua Department stores, and the two had jointly held 20% of Xinhua Department store, approaching the shareholding ratio of the controlling shareholder of Xinhua Department store.

Xinhua Department Store in July 21st and August 5th respectively announced the announcement of Wumart holdings and its concerted action.

As of August 4th, Wumart holding owns 30.75% of Xinhua Department store, and Beijing logistics information holds 0.012% of Xinhua Department store, which altogether holds 30.76% of Xinhua Department store.

Meanwhile, Wumart holdings and its concerted action do not rule out the continued increase in the next 12 months.

Cui Jun wants to enter the board of directors and proposes joint venture to set up a holding company, hoping to become a Berkshire company in China.

Xinhua Department Store announced today that shareholders of the company, Shanghai Bao Yin and Shanghai trillion win, put forward a temporary shareholders' meeting to the company, and proposed a joint investment management company with a registered capital of 1 billion yuan to build Berkshire company in China.

In addition, the above shareholders proposed to remove directors of Guo Tuwei and Qiao Hongbing, nominate Shanghai Bao Yin and Shanghai trillion win chairman Cui Jun, and Shanghai investment banking director Wang Min as new director candidate.

The specific proposal of Shanghai Bao Yin and Shanghai trillion win proposal is that a joint stock limited company is set up jointly by the company and the listed company. The name is tentatively designated as Berkshire Holdings Limited. The registered place is tentatively designated as Shanghai, and its business scope is tentatively defined as equity investment management, investment management, industrial investment and so on.

1 billion yuan, the company invested 490 million yuan, Shanghai Bao Yin and Shanghai trillion win total investment of 510 million yuan.

The holding company will mainly invest in some listed companies whose value is seriously underestimated, so as to increase the value of the assets of the holding company by increasing the valuation of the invested enterprises, and the holding company hopes to become a Berkshire company in China.

In addition, Shanghai Bao Yin and Shanghai trillion win think that the Xinhua Department store business is now facing a strong impact on e-commerce, and the department stores are losing money. Some directors are not competent for directorship.

In order to enhance the company's performance and achieve rapid growth and promote the company's performance to achieve a higher compound interest growth target each year, Shanghai Bao Yin and Shanghai trillion win jointly propose the removal of directors of Guo Tuwei and Qiao Hongbing.

Cui Jun and Wang Min are nominated for new director candidates.

Xinhua Department stores said that since the establishment of the sixth board of directors, all directors have been diligent and conscientious in their efforts to safeguard the interests of shareholders and companies. Shanghai Bao Yin and Shanghai trillion win have never contacted and communicated with the board members of the company, and have never known the company's main business to the board of directors.

In the absence of necessary investigation and understanding,

The conclusion that "some directors of a company are incompetent to be a director" is not based on the fact that Bao Yin and Shanghai trillion win.

The company has communicated with the proposal proposed by Shanghai Bao Yin and Shanghai Mega win to convene the provisional shareholders' meeting, but has not achieved any results.

In view of the proposal put forward by Shanghai Bao Yin and Shanghai trillion win to convene the provisional shareholders' meeting, the proposal to consider the establishment of a company will constitute a company's huge related party pactions. The proposal to remove the company's normal duty director will have a major impact on corporate governance and business stability. The board of directors needs a certain time to carefully and comprehensively assess the impact of the above matters on shareholders' interests and the development of the company.