Gome chairman departure eases tension

Comments (0) | 10 Mar 2011 | Rating | Print by Tim Human

The end could be in sight for feud that led to China’s first proxy fight last September

Chen Xiao, the chairman of Chinese electronics retailer Gome, has announced his resignation, paving the way for further reconciliation between the company and its largest shareholder and founder Huang Guangyu.

Huang, who is serving a 14-year jail sentence for insider trading and bribery, had been fighting a battle from his ...

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