Deals
Gome to Issue Bain Shares for Bonds; Rejects Huang’s Complaint
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Bain Capital LLC converted its 1.59 billion yuan ($236 million) bondholding in Gome Electrical Appliances Holdings Ltd. into a 9.98 percent equity stake, gaining votes at a shareholders’ meeting this month.
Gome, China’s second-biggest electronics retailer, will cancel the convertible bonds and issue 1.63 billion new shares to Bain on Sept. 22 at a conversion price of HK$1.108 each, according to a Gome Hong Kong stock exchange filing yesterday.