On January 16, 2026, GOME Retail Holdings Limited (HKEX stock code: 00493) announced that, through a specific mandate, it has allotted and issued a total of 25,108,352,513 new ordinary shares to Shanghai Jinbo Ding Enterprise Service Co., Ltd. and Zhongke Taiyue Technology Co., Ltd. This equity issuance, executed as a debt-to-equity swap, resolves approximately RMB 337 million in debt. The issuance price was set at HKD 0.015 per share, with the new shares representing 34.40% of the enlarged share capital. The entire proceeds from the share issuance will be used to offset the debts owed to the respective creditors. The transaction remains subject to approval from the company's shareholders' general meeting and The Stock Exchange of Hong Kong Limited.
The announcement indicated that this transaction will assist the company in partially addressing its debt risks and "support the restoration of the Company’s overall creditworthiness and long-term business operations." The Board of Directors believes that the subscription terms were determined through fair negotiations, align with the overall interests of the company and its shareholders, and that the subscription price is fair and reasonable. By resolving its debt through this market-oriented approach, GOME Retail's financial structure will be optimized, its financial stability will be enhanced, laying a solid foundation for the company's long-term business operations.
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