He said that he had received a complaint and that Yu Yu and himself had become defendants. The plaintiff is the son. The purpose is to ask the court to confirm that the agreement between Li Guoqing and Yu Yu holding Dangdang shares for him is valid.
in this regard, Li Guoqing expressed his firm support for his son to defend his rights. However, the process of safeguarding rights may also be full of controversy, and it is not uncommon that motives, methods and results are inconsistent.
in the end, Li Guoqing said that he had handed in his defense and he was never afraid of challenges from anyone. “Now that you have written the war, I will fight with you under the framework of legal rules.”.
on August 10, Dangdang responded to Li Guoqing’s “being sued by his son” on August 9. The party concerned indicated that the relevant litigation was true. On the issue of equity distribution, Yu Yu and Li Guoqing once had a “marriage agreement”, and the equity ratio of their three parties was 56:24:20, which has been changed by industry and commerce according to the proportion. We should respect the autonomy of the parties and believe that the law respects honesty and credit. We will, as always, use legal weapons to safeguard the legitimate rights and interests of the company and all shareholders and protect the normal operation of the company.
the lawyer believes that if the court confirms the validity of the proxy agreement, it will actually reduce the joint property of Li Guoqing and Yu Yu. At present, the current dispute depends on whose side the son is on.
on the evening of the 9th, Dangdang founder Li Guoqing posted a micro blog saying that his son took him and Yu Yu to court in order to confirm that the agreement between Li Guoqing and his wife to hold dangdangdang shares for their son is valid.
Li Guoqing expressed his firm support for his son to defend his rights. However, the process of safeguarding rights may be full of controversy, and people’s views and opinions may also be very divergent. It is not uncommon for motives, methods, and outcomes to be inconsistent. At the same time, all the materials provided by Yu Guoqing are for you? Although this is the first time that you have filed a lawsuit, you are fully responsible for the authenticity of all the evidence. Yu Yu helped you find your lawyer, right? Is the lawyer’s fee paid by Yu Yu for you to sue your parents? Even if Yu Yu, who is also the defendant in form, fully cooperates with you. If you want to win, you really have a lot to go through. ”
later, Li Guoqing wrote again, saying, “take time to straighten out the affairs with Yu Yu.”. He said he had always appealed to the court to divorce him and to divide the common property equally.
Li Guoqing even reviewed and deduced “the steps that Yu Yu has taken and may take”, he said. Through the son’s holding lawsuit, it is possible to divide part of the common property of the husband and wife, which is very likely to be shared equally. If successful, it will be of great help to keep Yu Yu’s control in dangdangdang. Li Guoqing believes that the litigation on behalf of the court will be used as a pawn to delay the judgment of divorce cases indefinitely.
in July 2019, Li Guoqing formally filed a divorce lawsuit. When Vice President Kai Min said at that time, Li Guoqing repeated the conditions for divorce settlement.
on June 15, 2020, the second instance of Li Guoqing’s divorce case opened. The core of the dispute between the two parties is the issue of Dangdang equity distribution and management rights. It is reported that this trial is the second round of trial after the first session in November last year. Due to the complicated equity division of dangdang.com, a judgment has not been pronounced. Li guoqingfang asked for an equal share of Dangdang’s shares, while Yu Yufang argued that the relationship between the two sides had not broken down and opposed divorce.
the divorce case of Li Guoqing and Yu Yu is about to enter the third trial stage, which will mainly focus on the appeal of property division, according to cctv.com. Dangdang has the final say that the key to the battle between Li Guoqing and Yu Yu is the number of shares held by
. The largest shareholder is the one who can decide. In accordance with the ownership structure of the main operation company of Dangdang, the registered industrial and commercial bureau, all actions taken by Li Guoqing are essentially small shareholders challenging major shareholders.
on the issue of equity, both sides have always held their own views. According to Li Guoqing’s “report to all employees of dangdang.com” released on April 26, Li Guoqing and Yu Yu jointly hold 91.71% of the shares. Among them, Li Guoqing actually held 45.855% of the shares, and the two partners of the company supported Li Guoqing. Therefore, Li Guoqing actually obtained 53.87% support.
However, according to the “shareholder divorce litigation of dangdang.com does not affect the operation and governance structure of dangdang.com” released by the legal department of Dangdang on July 16, 2020, Yu Yu, Li Guoqing, children and management have agreed on their equity proportion in the holding company. At present, Yu Yu holds 52.23% of shares, Li Guoqing holds 22.38%; their children hold 18.65%, which is held by their parents The two partnership companies of Dangdang hold 3.58% and 2.93% respectively. This proportion, after deducting the holding agent factor, is currently consistent with the equity structure of Beijing Dangdang Kewen e-commerce Co., Ltd. registered in Beijing Municipal Bureau of industry and commerce.
so a petition filed by Li Guoqing and his wife’s son requires the court to confirm that the agreement between Li Guoqing and Yu Yu holding dangdangdang shares for him is valid. If the son wins the lawsuit, what impact will it have on Li Guoqing’s Yu Yu divorce case?
in this regard, Wang Zhibin, a lawyer from Shanghai Minglun law firm, said that in fact, the case of the son suing Li Guoqing and Yu Yu Yu was not legally related to the divorce case of the two defendants. If the court decides that the holding agreement is valid, then the corresponding equity does not belong to the common property of both parties, and it does not belong to the scope of property division in the divorce case of the defendant and the defendant; if the agency agreement is invalid, then it means that the equity of the son belongs to the joint property of the husband and wife. If Li Guoqing and Yu Yu Yu have a “marriage agreement” or “agreement”, it is agreed According to the agreement, if not, it will be divided by the court according to law.
according to analysts, if the court confirms the validity of the proxy agreement, it will actually reduce the joint property of Li Guoqing and Yu Yu. In this way, even if Li Guoqing wins the divorce case and the husband and wife share half of the common property, Li Guoqing can only get about 37% of the equity. Even with the support of about 6% of dangdangdang’s management, Li Guoqing’s shares in Dangdang will not exceed 50%, and he still can’t get the actual control of Dangdang. On the contrary, if the son who holds 18.65% shares is on the side of his mother, Yu Yu Fang holds more than 50% of the shares and has the actual control right.
according to public information, dangdang.com was founded in November 1999 by Yu Yu and Li Guoqing. In December 2010, Dangdang was listed on the New York Stock Exchange, with a market value of up to $3 billion. In September 2016, when Dangdang completed its privatization and delisting, its market value was only 536 million US dollars (about 3.36 billion yuan). In April 2018, it is said that dangdang.com will be sold to HNA for 7.5 billion yuan, which eventually ran aground due to Li Guoqing’s opposition. And RMB 7.5 billion is the Dangdang valuation given by HNA in 2018, which means that Li Guoqing and Yu Yu are now fighting for billions of “property”.
for the sake of billions, Yu Yu and Li Guoqing, the entrepreneurial couple, have become enemies. In October 2019, Li Guoqing staged the “cup throwing” incident, pointing to Yu Yu’s “forcing the palace to seize power.”. Yu Yu countered with a long essay, saying that Li Guoqing “does not tell the facts, but tells stories.”. Nine points of false, one point of truth, on the hot search, “except for the” forced Palace “this half thing, you lie about everything.”
on April 26 and July 7, 2020, Li Guoqing took people to Dangdang office area twice, first to “grab” the official seal, then to pry open multiple safes and take away the information. On the evening of July 7, Chaoyang Branch of Beijing Municipal Public Security Bureau announced on its official microblog that Li Guoqing was in administrative detention. On July 14, dangdang.com released an internal letter saying that the “stolen” official seal, bank U shield and other important materials had been recovered and returned to Dangdang by relevant departments on July 13. At present, Dangdang’s operation has been fully restored to normal.
However, a complaint by the son of Li Guoqing and his wife has given rise to a new role and a new plot in the current dispute, and “Qingyu Chui” will continue to be staged.