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.


To continue reading, please login or register for free

Click for more on: gome

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...