China's GOME Retail plans $579m share sale to repay debt, expand business

China's GOME Retail plans $579m share sale to repay debt, expand business

REUTERS/Jason Lee

China’s home appliances retailer GOME Retail Holdings Ltd said on Tuesday that it planned to sell HK$4.49 billion ($579 million) worth of new shares to repay debt and expand its online and offline dual-platform business.