Louis Weedon Fines 10 Million Euros For Purchase Of Hermes Case

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< p > Beijing time on the morning of June 1st, French media quoted the reports leaked on Friday. The world's largest luxury goods supplier MOET & CHANDON Hennessy a href= "http://sjfzxm.com/news/index_f.asp" Louis Vuitton /a group (LVMH) accused the French financial market regulator of supporting the "smear and smear" of Hermes international to the company.

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"P > scarf and luxury handbag brand international Hermes international accusation in 2012" a href= "http://sjfzxm.com/news/index_c.asp" luxury "/a > giant MOET & CHANDON Hennessy Louis Weedon group illegally obtained the 22.6% stake in the former through a complex group of cash equity replacement pactions. After investigating the allegations, French regulators rejected criminal charges against insider trading of Louis Weedon group, but continued to investigate whether the latter correctly declared securities pactions.

If it is found guilty by the French financial market authority, the Louis Weedon group may face a fine of up to 10 million euros.

The relevant ruling will be made in June.

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In the hearing of the financial market authority arbitration tribunal on Friday, Louis Weedon group accused the regulator of "deliberately concealing" evidence so as to increase the chances of accusation against the company. P

Louis Weedon Pierre, vice president of the group of Pierre, pointed out that "they deliberately concealed the evidence so that the allegations could continue, and they knew that the case was not at all true." (Gode)

Louis Weedon group hopes that the Arbitration Commission will correct this mistake and withdraw the investigation which is fundamentally deficient, and restore the reputation of the group, group officials and our employees.

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< p > the French financial market authority has been investigating Louis Weedon group's acquisition of Hermes shares through cash equity swap for more than two years.

The comprehensive sanctions committee of the authority said it would formally respond to the request of Louis Weedon group.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > market < /a > the regulator informed Louis Weedon group in October 2012 that the Committee recommended fines for Louis Weedon group, but Louis Weedon group will not be asked to give up the existing Hermes international shareholding.

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< p > Louis Weedon group announced in October 2010 that it had already held 17.1% of Hermes international after converting the derivatives acquired through three banks in 2008. Although the group refused to seek control over Hermes international, it increased the shareholding ratio to 22.6% after that.

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