GOME Retail Holdings Limited (stock code: 493) intends to allot and issue new shares under two separate subscription agreements to address outstanding debts totaling RMB336.81 million. The issue price for both subscriptions is set at HK$0.015 per share.
Under the first agreement, 21.62 billion new shares will be issued to a subscriber’s Hong Kong nominee, settling RMB290.00 million in debt originally acquired by the subscriber from Shanghai State-owned Assets Management Limited Company. Under the second agreement, 3.49 billion new shares will be issued to another subscriber acting on behalf of an IT service provider, settling RMB46.81 million in fees owed by GOME Retail. These total 25.11 billion subscription shares and will represent approximately 34.40% of the enlarged share capital upon completion.
The subscription is subject to obtaining shareholders’ approval, as well as permission from the Stock Exchange for the listing of the new shares. A special general meeting has been scheduled for 17 March 2026 at 2:30 p.m. in Hong Kong, with the shareholders’ register closed from 16 March 2026 to 17 March 2026 (both dates inclusive) to determine eligibility for voting. Shareholders are encouraged to review the relevant documents and consider the proposed resolutions at the upcoming meeting.
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