Bain Capital US $ 400 million capital injection of GOME will remain the majority shareholder

GOME financing event has new progress. Yesterday, reporters from the associated channel, United States, the famous private fund Bain Capital will inject GOME, specific investment forms and details were still in negotiations, GOME related official said, all information will be disclosed in a notice by the HKEx.

Yesterday, that Bain Capital injection of GOME already get the block through the Board of Directors, the United States plans to use 4 billion to $ 1.04-1.07 LDC or issuance of new shares get GOME 18% stake. In addition, because the United States in the May 2007 issue of 46 billion huge bond will expire in this collaboration, Bain Capital will subscribe GOME 46 billion in convertible bonds, interest rate of 12% to 5%. After the success of the transaction, Bain Capital will be more than 4 billion of equity prices, and obtain the GOME GOME exceeds 20% of the shares. However, because Bain will be 18% of the shares of ways not OK, on to capture the impact of shareholding is not known, but insiders reveal GOME founder Huang guangyu shareholder status will remain unchanged.

Sources said that the identity of the now is to capture investor and does not participate in management, has nothing to do with the company, the United States is gradually through the crisis. The people at the same time that Bain Capital will be to small shareholders appear in GOME, copied at the end of the main bright GOME GOME future business development. For GOME, Bain's join not only solve the immediate convertible bond repurchase funding pressures, while likely to inject fresh blood, rapidly reverse the market situation, the promotion of stock recovery transaction, in addition, the transaction is successful GOME does not preclude the continued and continuing financing investment banking contact.

In addition, yesterday said the United States is currently the Chairman of the Board of the "do not get tool to capture family full trust and authorization," "intends to convert its holdings of 7.28% of GOME stock transfer" to withdraw from the United States, the United States has denied it. Some analysts said the current GOME financing is a foregone conclusion, GOME management stability is one of the criteria of investment research, so only Chen, Wang Wei Qiu Li Island, three members of the management team was recognized in order to obtain financing, GOME operation status is improving, Chen is definitely not possible at this time.

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