Gome shares rally after private equity rescue
Following a chunky investment by Bain Capital, shares in Chinese retailer Gome Electrical Appliances shot up 68% on the Hong Kong exchange today. The stock had been on hold since November because of a scandal involving its former chairman, but now analysts have a positive outlook on the firm.
Chinese retailer Gome Electrical Appliances resumed trading in Hong Kong today (June 23) for the first time in six months after an announcement that Bain Capital was investing in the business.
The shares closed at HK$1.89, up 68% from their opening. Trading had been suspended since November 21, when
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