Gome Retail chairman Huang Guangyu (left). Photo: WEIBO
Fallen tycoon aims to revive his electronics chain with share placement
  • Gome Retail said it plans to place 2.28 billion shares, or 10.58 per cent of its existing shares, at HK$1.97 per share to repay debt and to expand its business
  • Huang, who served 10 years in prison for insider trading and corporate bribery, has vowed to restore his firm’s fortunes within 18 months
2 Mar 2021 - 5:47PM