The share price of Gome Electrical Appliances nearly doubled on Tuesday as the company resumed trading after Bain Capital, the US private equity group, confirmed its investment in the leading Chinese retailer.
The stock jumped 94.6 per cent to HK$2.18 at 0230 GMT following a seven-month suspension. Gome's shares last traded at HK$1.12 on November 24 — the day Huang Guangyu, the former chairman and leading shareholder, came under investigation as part of an alleged share trading scandal.
Bain Capital on Monday announced that it would take a stake worth at least $417m in one of the largest American investments in a mainland company. The deal also represents Bain Capital's biggest mainland investment.
您已阅读33%（705字），剩余67%（1433字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。