gome

US private equity firm Bain Capital finally exits a tortured six-year investment in Gome Electrical Appliance Holdings close to where it first purchased the stake.

Despite being behind bars, Gome founder Huang Guangyu has succeeded in ousting company chairman Chen Xiao.

The chairman is safe, but Gome's biggest shareholder prevents dilution and says he will take legally appropriate action to protect his interests -- in other words, he will fight on.

The conviction of Huang Guangyu raises suspicions about the deeds of China's elite business leaders and what it takes to climb the ladder in a highly regulated market.

The investment will allow the Chinese home electronics retailer to resume trading today after a seven-month suspension.

The bond issue is 2.5 times covered, achieving the highest premium for a renminbi-denominated bond at 51%.

Bear Stearns and the founder of GOME create a $500 million fund to invest in growing businesses in China's retail sector.

One of Asia''s smartest private equity investors hopes to revive the fortunes of China''s largest electronics retailer.

Company completes second placement in the space of two-and-a-half months.