Latest News:  
Beijing   Overcast    0 / -6   City Forecast

People's Daily Online>>China Society

China's appliance giant GOME sues ex-chairman over media interview


10:45, January 06, 2012

BEIJING, Jan. 5 (Xinhua) -- A Beijing court on Thursday heard a lawsuit filed by a leading Chinese home appliance retailer against its former chairman over his allegedly "misleading" media interview that the company claimed "seriously damaged the firm's reputation and business operations."

GOME's ex-chairman Chen Xiao was accused of giving an interview in May last year to financial newspaper 21st Century Business Herald in which he disclosed the company's operations and warned investors not to hold GOME's stocks.

GOME's executive chairman Zou Xiaochun on Thursday told the Beijing No. 2 Intermediate People's Court that Chen breached a contract with the company upon his resignation in March last year. The contract allegedly stated that Chen would be paid 10 million yuan (1.57 million U.S. dollars) to keep his mouth shut about the company.

Zou asked the court to order Chen to repay the 10 million yuan.

Chen was not present at the trial. His defense lawyer stated that the sum was paid in the name of "compensation for senior executives" and there was no evidence that the payment was intended to keep Chen silent.

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. For migrants, no Web, no train ticket

  2. An ice and snow world

  3. Wen vows closer military exchanges with Pakistan

  4. Sports photos of 2011

Most Popular


  1. Pentagon plan changes game in Asia
  2. Will Japan's economy recover in 2012?
  3. It is the China naysayers who are doomed to fail
  4. Common development with neighbors
  5. Japan's case of flawed priority
  6. Move to send 'alarming signal' across Asia
  7. EU's airline carbon tax may backfire
  8. Asian countries refuse to 'take side'
  9. US uses 'hedging strategy' to deal with China's rise
  10. What is behind US 'Return-to-Asia' strategy?

What's happening in China

Anger over online railway ticket sales

  1. China set to post narrower trade glut
  2. Gome sues ex-chairman for breach
  3. iPhone 4S set for debut next Friday
  4. Sinopec eyes doubling in equity crude production
  5. Harmful chemicals in most new cars

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival