Going, going Gome

China''s largest electrical appliances chain finally completes share divestment.

Hong Kong listed Gome Electrical Appliances raised HK$1.194 billion $153 million yesterday September 27 after selling 300 million shares at HK$3.98 per share.

This represented the company's second attempt to access the equity markets after a botched offering in July, which was not completed even after it was slashed in size and price. This time round the same lead manager ABN AMRO bought and hard underwrote the entire deal over the weekend.


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