Jumei.Com Privatization Disputes Chen Ou Did Not Voice.

March 1st is the day of jumei.com's big promotion, from jumei.com everywhere to promote advertising, to the stars of the big coffee to help, once "for their own endorsement" Chen flower's mind a lot.

However, the Internet search for "Meida promotion" has found very few news reports, but the controversy caused by the privatization of jumei.com has been rampant.

In February 16th, jumei.com announced receipt from CEO

The privatization offer submitted by Sequoia Capital and so on will be privatized at the price of US $7 per ADS (ADS), which is issued on the mainland of the United States according to the depository agreement.

This price is about 27% higher than the average price of the last ten days, but it shrank by 68.2% compared with the issue price of $22 in 2014, which means that the early investors of jumei.com will suffer huge losses in 2014.

When the news came out, the public was in an uproar.

On the second day, jumei.com's small and medium-sized shareholders began to maintain their rights, but jumei.com has not yet made a stand on the activist incident caused by privatization.

Investors of rights protection have begun to calm down, hoping to find a way to minimize losses.

In the WeChat group bulletin, the reporter saw 7 rights protection schemes, namely, collective entrust overseas litigation, domestic litigation, appeal to SEC, write to the Independent Commission, gather under the offices of the United States office building, snowball, know, micro-blog and so on to disseminated and boycott the United States, and called on people around to gather in the United States shopping.

Group owners said that investors are actively contacting lawyers, hoping to find a way to maximize their losses.

The addition of I shares in China's well-known stock investment institutions has also increased investors' confidence in safeguarding their rights.

"Because of the agency led prosecution, the mobilization of resources is more."

One investor said.

In February 25th, I US stock issued a "global solicitation order" to solicit the loss of jumei.com investors worldwide. It also listed four possible measures, including launching a complaint and lawsuit in the United States for jumei.com CEO Chen ou and vice president of products, Dai Yu Shen, suspected that it first manipulated the stock price and issued privatization invitations, and initiated a lawsuit against the special committee; if the shareholders' meeting voted for a $7 privatization plan, I may launch a buyer's group in Cayman.

In the future, if jumei.com applies for IPO in the country, it will complain to the SFC and initiate a lawsuit against the company and management in China.

In the eyes of the legal profession, privatization of jumei.com does not violate any securities laws or other laws of the United States. If investors suspect that they manipulate the stock price and issue a privatization offer, they need to produce strong evidence.

However, obtaining evidence is not easy. "

The main business entities are listed on the mainland in the United States, and are registered in the Cayman Islands. It is very difficult to collect evidence and prosecute.

The group told reporters.

For investors, if they want to maximize their losses, they either abandon privatization or raise privatization prices.

"If we do not declare privatization, poly America has rebounded with China's stock market."

In the eyes of investors, it is common for share prices to rise or fall, but it is difficult for them to accept low price privatization.

"You only saw sales rumors, but you didn't see poly America as the cleanest business operator. You only saw that the United States was prosecuted but did not see the benefits behind it."

This passage comes from the long micro-blog, "you never know, what Chen EU is doing in the half of the year" after jumei.com's selling price and the lawsuit at the end of 2014.

But in the face of the massive investor rights protection, Chen Ou chose to remain silent, and jumei.com officials had no relevant response.

Chen Ou used four years to lead jumei.com to the bell, though the stock price was once in a doldrums, but the fundamentals have been good.

Looking at the performance of jumei.com in New York stock market, it can be found that most of the time the stock price is above 10 dollars, and the highest price is close to 40 US dollars.

Even at the beginning of the year, the global capital market plummeted, jumei.com's stock continued to be low. However, the 570 trading days from landing stocks to privatization were only 21 trading days below $7.

So the $7 delisting caused many investors to question.

Although a strong solicitation order has been issued, reporters learned from I's US stock office that I is currently consulting lawyers on various sides to prepare for possible future prosecution.

I, director of US equity investment Zhong Xin Xin, said in an interview with reporters that after the establishment of the independent commission in the United States, "we will do more communication with the Committee. If the communication is over, the other party will be able to raise the price. That is a win-win situation."

If negotiations fail, I shareholders and shareholders who agree with I's US stock will vote against shareholders at the shareholders' meeting, and then appeal to Cayman in the United States registry.

The main reason for the appeal is the company law amended in 2013 in the Cayman Islands, which has the right to challenge the consensus fair value of the listed company when it is acquired.

"If we go to the Cayman court to court, then the court believes that the fair price of which side is more reasonable, and which side will win a great deal."

Zhong Rixin said.

It is considered that the stock price is seriously underestimated abroad, and there are many enterprises that want to privatize. Jumei.com is not the first one, nor will it be the last one.

Kuang Jie, an expert in business management and investment and financing consulting, believes that after assuming the privatization of stocks, it is also necessary to face investors if it wants to return to A shares to go public.

Under such circumstances, enterprises should also take into account their credibility.

"I hope that jumei.com's large shareholders and privatization team can raise this price to a relatively reasonable level, and it can have a win-win outcome with small and medium-sized investors."