Jumei.Com Shares Fell, Chen Europe Was Bombarded By Shareholders, Investing In TV Dramas And Charging Treasure

According to the world clothing shoes and hats net, in the early morning of August 31st,

The share price fell 1.92% to 3.06 dollars on Wednesday. In August 29th, jumei.com shareholders Heng Ren Partners published an open letter to jumei.com chairman and Sequoia Capital China fund management and execution partner Shen Napeng.

The open letter said that the United States has stopped meaningful shareholder exchanges for 22 months, and has not disclosed any financial information to shareholders for 9 months.

During the 18 months of the stock market crash, chairman Chen's market share has lost $397 million, and the company's market capitalization is only $479 million. Such a big loss is quite absurd.

In the letter, bombardment, Chen Ou's proposed privatization deal of $7 per share greatly underestimated the value of the company, and the subsequent series of mistakes has made China.

The shares of the leader dropped by 45.2%, but now

But it is booming in China.

The open letter also pointed out that the United States did not honor its promise to invest the $280 million raised in IPO in the US in 2014 in the marketing, brand promotion and product development of the core business. Instead, it invested more than 59 million US dollars (equivalent to 12% of the US market capitalization and 18% of the book cash) in the doubtful non core business:

Invest $14 million 300 thousand for TV production

Invest $44 million 800 thousand in a mobile phone charging power startups

The open letter "bombed" a $44 million 800 thousand investment in mobile phone charging power startups, referring to jumei.com's total investment of 300 million yuan in May 4th this year.

After the end of this investment, Chen Ou served as chairman of the electric power company. After investing, jumei.com accounted for about 60% of the total electricity technology.

And this morning, jumei.com officially announced:

Jumei.com has completed the acquisition of Shenzhen street electric technology.

Jumei.com's wholly owned subsidiary, River International Holding, will hold a stake in the technology of street electric.

The open letter finally appealed to "it's time to end the disaster" and asked jumei.com's board to resume investor confidence by stopping Chen Ou's offer of $7 a share, returning $225 million to investors in the form of special envoy dividends, and Issuing the latest annual assessment of the board of directors.

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