GOME Retail Settles Bonds with New Share Issue

GOME Retail Holdings (HK:0493) has released an update.

GOME Retail Holdings Limited partially settled its outstanding bonds issued on June 30, 2020, by issuing 128,640,000 new shares at HK$1.24 each, totaling approximately US$20.42 million. This issuance, representing a 0.27% increase in the company’s share capital, did not require shareholder approval and falls within the general mandate given to the directors. The new shares are on par with existing ones, with no lock-up period and leave the company with a remaining mandate to issue over 9 billion more shares.

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