Gome 60 percent shares to raise capital 1.4 billion Huang Guangyu sits on top shareholder

Xinhua News (Reporter Wangxiaoxing Intern Chen Shihi) gome (00493-HK) July 13 night through the stock exchange of Hong Kong issued a notice, announced that a share of HK $0.672 "ultra-low-priced" public offering of 2.296 billion shares, accounting for its existing issued share capital of 18%. This subscription price is 1.120 HK $40% per share on the last trading day after the June 23 recovery.　　The IPO will be issued to 18 shares in the public offering on a record date for each 100 shares of existing shares. The IPO is another financing package for Gome after Bain 3 billion, which will bring a net amount of about HK $1.476 billion to Gome. Gome said the proceeds would be used to fund the operations of the Gome group and the large and medium group, as well as the use of convertible bonds in 2014.　　As of May 31 this year, Gome group interest rate loans amounted to 460 million yuan and convertible bonds 4.6 billion yuan, the total debt of more than 5 billion yuan. It is reported that Gome's acceptance of the public offering shares and the final time for payment of contributions and the public day of public offering are set for July 27 4 o'clock in the afternoon and July 31 respectively.　　That means Gome's $3.236 billion financing plan for Bain Capital will be completed by the end of July. According to Gome's announcement, the IPO shares are for all shareholders, which means the Huang family, the largest shareholder to have a relationship with Gome's management structure, is also on the public offering to subscribe to shareholders.　　But there is no clear news whether it will participate in the stock, the results will not be known until the end of the July 27 stock. Gome chairman Chen Xiao said that Mr Huang has participated in "virtually no difference", the public sale of shares will be diluted, but certainly not less than 30.1%. "Even if Mr Huang abandons his shares, his position as the largest shareholder will not change." ”