GOME Retail Holdings (HKG:0493) issued 128.6 million conversion shares to bondholder Danube Innovation to partially pay for the 145 million yuan bonds, according to a Wednesday filing with the Hong Kong Stock Exchange.
The conversion shares were priced at HK$1.24 per share.
Danube Innovation is a unit of JD.com (HKG:9618).
Shares in GOME Retail rose 6% in Hong Kong during Wednesday's trading.
Price (HKD): $0.04, Change: $, Percent Change: +8.82%
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