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.

A 240 million accelerated share offer was then marketed the following business day at HK$3.90 to HK$3.98 before being upsized to 300 million shares and priced at the top of the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222