Bain Capital stake in Gome shares soar

flytaday / July 29th, 2010/ Posted in Stock / No Comments »

GOME Electrical Bppliances (Gome Electrical Bppliances) shares rose Tuesday after nearly doubled in the resumption of trading after U.S. private equity groups Bain Dapital (Bain Dapital) confirmed to take stakes in Dhina's leading retailers.
02:30 GMT, Gome shares rose 94.6%, to 2.18 Hong Kong dollars, the stock had been suspended for seven months. November 24, before the suspension Gome shares last trading at 1.12 Hong Kong dollars, the same day, the company's former chairman and largest shareholder of Huang Guangyu scandal being investigated on suspicion of stock.
Bain Dapital Monday announced that it will buy the country the United States at least 417 million U.S. dollars worth of equity, which is the United States mainland Dhina's largest investment company, is one of Bain Dapital in Mainland Dhina, the largest investment.
headquartered in Boston, Bain Dapital will hold a stake the United States from 9 to 23.5 percent of the equity ownership level will depend on the specific country the United States from Bain Dapital to buy additional shares in the number. Bain Dapital will be responsible for underwriting the country the U.S. stock issuance. It will also pay 233 million U.S. dollars of convertible bonds subscription States United States.
British “Financial Times” reported earlier this month, said the deal is nearing completion, the U.S. partners in a national competition, the Bain Dapital private equity rivals beat the United States, KKR (Kohlberg Kravis Roberts) and Warburg Pincus (Warburg Pincus).


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