Gome Retail nets HK$4.4bn from top-up

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By Jonathan Breen
02 Mar 2021

Gome Retail Holdings, an electrical appliance retailer, has raised HK$4.45bn ($573.5m) after selling a chunk of shares in a top-up placement.

Beijing-headquartered Gome tapped the market on Monday in Hong Kong, following a 141.7% surge in its stock price year-to-date. The company came looking to raise funds to repay debt and for the expansion of its online and offline business.

Sole placing agent Guotai Junan International ran an accelerated bookbuild ...

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