Announcements on December 28, $GOME RETAIL (00493.HK)$It opened higher in early trading and increased to 30%. As of press release, it had risen 18.03% to HK$0.072, with a turnover of HK$261 million.
According to the news, Gome Retail announced that the convertible bonds have expired on June 30, 2023 and have not yet been repaid. The company has signed an agreement with the buyer and bondholders to settle some of the bonds.
The Group will transfer 21.6495% of Shenzhen Shifen Home Service Technology Co., Ltd. to JD.com at a cost of 105 million yuan. All of this will be used to settle equivalent bonds, which are expected to achieve sales proceeds of about 13 million yuan.
After the equity transfer is completed and no earlier than February 17, 2024, bondholders will convert bonds equivalent to the principal amount of RMB 145 million into shares in accordance with the bond terms, at an exchange price of 1.24 yuan per share, involving the issuance of a total of 128 million shares, accounting for 0.27% of the company's expanded share capital.
Previously, Gome Retail also attracted market attention. Its first retail brand, Gome Supermarket, opened in Guangzhou. Affected by this news, Gome Retail Hong Kong stock prices continued to rise and eventually closed up 80.65% on November 17.
After the change in stock prices, Gome Retail quickly issued an announcement explaining it. The board of directors took note of various news reports that Gome supermarkets plan to set up 10,000 supermarkets within three years, and (Gome) plans to launch a supermarket business. The Board of Directors wishes to clarify that the Company is not a contracting party to develop supermarket business, but the Company does not rule out the possibility of exploring new retail project opportunities in the future.
However, the stock price did not steadily enter an upward channel. After opening on November 20, Gome's retail Hong Kong stock price opened low, and eventually closed down 21.43%, erasing some of the previous day's increase. Since this year, Gome's stock price has fallen 35%.
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