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Article: Gome in talks to add overseas investorsFirm is trying to fend off global giantsBUSINESS ASIA by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- April 2, 2007
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Samuel Shen
International Herald Tribune
04-02-2007
Gome Electrical Appliances Holdings, owned by China's wealthiest man, said it is in talks to sell a stake to overseas investors as it seeks an alliance with a strategic partner to help it compete. Gome is aiming to complete the stake sale this year, according to an e-mailed statement released Friday that did not provide details on the talks.Gome needs ''long-term strategic investors,'' the company president, Chen Xiao, said Friday in a phone interview from Beijing, declining to elaborate or identify the potential investors.Gome, China's largest electronics retailer, is trying to find a strategic partner to help it compete with Best Buy, ...
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Article: GOME LIKELY TO ISSUE NEW SHARES
AsiaInfo Services;
February 2, 2009 ;
322 words
... ... retailer, said the sources, adding that Morgan Stanley, Warburg Pincus LLC, Hopu Investment ... Bain Capital LLC, all contacted with GOME. Morgan Stanley and Warburg Pincus both are shareholders of GOME at the moment. Days ago, the Hong ...
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