Jumei.Com Said The Privatization Plan Was Reasonable And Legal To Break The Question Of Minority Shareholders.

Jumei.com said it received applications for privatization from CEO, Chen ou and Sequoia Capital, to be privatized at a price of $7 per share.

Since $7 was less than jumei.com's $22 1/3 issue at IPO in the US, news of the move triggered minority shareholders' dissatisfaction.

However, jumei.com's latest reply said this

The price is 27% higher than the average price of the last ten days of jumei.com, which is a fair, reasonable and lawful market behavior.

When jumei.com wants to reopen IPO, there are many different opinions among minority shareholders.

It is understood that there are now more than 100 small shareholders have integrated a new small group, to protect their rights.

Mr. R, an overseas investment representative like the United States shareholders' rights protection, said they wanted jumei.com to hold an open meeting.

The representative of poly American entrepreneurship can be Chen ou, that is, CEO Chen Ou or other appointed agents.

Minority shareholders were elected jointly by small shareholders of poly America and made public to all media.

At the same time, we would also like to make an explanation for the unclear questions such as the abnormal stock price and ambiguous points in the earnings report.

Clarifying doubts about manipulating stock prices and malicious privatization.

Second,

It is hoped that based on the results of communication, the price of privatization can be re calculated in a fair and impartial manner. It can be used to refer to the relatively fair calculation logic of the previous market, and to exclude the case of obviously losing the fair and low price privatization.

Third, in the process of follow-up privatization and all related activities, we must keep the information open to the minority shareholders in an honest and trustworthy principle.

Cao Yunwu also admitted that the trend of privatization in China's stock market started last year. For example, Iqiyi, 360, unfamiliar street, everyone, Jiayuan and other listed companies in the US have announced that they have received the invitation to privatization, and the number of companies is also nearly 30. This is the result of many factors including the United States and China's market, which is also an overall trend.

They also revealed that in this year's strategy of delaying economic development, the future electricity providers will be part of the United States, and the United States will open up more new businesses, including the integration of film and television, stars, networks, content and various news words to create influence, and influence will bring traffic and users.

The small shareholders' demand is that jumei.com can openly invest in details, and whether there is a factor of artificial mediation in the United States.

It is a clear denial.

From their response, Cao Yunwu, director of public relations of jumei.com, said that in the third quarter earnings released by the company in 2015, CEO Chen Ou had made clear the third quarter's losses. Although the profit margin of the third quarter had dropped, part of the cost was one-off, and they would return to profitability in the fourth quarter.

On the other hand, the third quarter earnings also showed excellent financial and business data for the third quarter.

But the market has no reasonable response to the valuation of the company. After the third quarter earnings report, the share price should be said to be rising.

When asked whether measures would be taken to appease investor sentiment, jumei.com's official response was that the privatization price was 27% higher than jumei.com's 10 day average price, which is a fair, reasonable and legitimate market behavior.

In fact, the private buyer group includes investment institutions and Sequoia Capital, and their communication with investors is smooth at the same time.