Investors in Gome Electrical Appliances, the mainland Chinese retailer, appeared to be bracing themselves for another showdown between the company and Chen Xiao, its former chairman, who stepped down in March.
Mr Chen was quoted in an interview as saying that the company’s target for new store openings would not be achieved. Gome responded on Wednesday by saying that it did “not agree with the views and opinions expressed” by him.
The company went on to say that it “would take appropriate steps” to protect its interests.
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