Gome Retail Will Issue $100 Million Convertible Bonds To Jingdong
In the evening of May 28th, Gome retail announcement announced that the company entered into a subscription agreement with investors today, which is related to the subscription price of 100% subscription price (i.e. US $100 million) equivalent to the amount of the bond. The initial conversion price is HK $1.255 per share.
Assuming that the conversion rights have been exercised in full, 622 million new shares will be issued and issued, representing about 2.80% of the issued share capital after the company has expanded. Investors can assign or transfer all rights, interests and responsibilities under the subscription agreement to a wholly owned Affiliated Companies of Jingdong through contractual change.
It has been reported that Jingdong plans to subscribe to Gome RETAIL $100 million convertible bonds, with a conversion price of HK $1.255 per share, and negotiations have entered the final stage or announced recently. At present, Jingdong and Gome declined to comment.
It is understood that Jingdong is recently making friends in the industry to enhance its strength. Jingdong yesterday signed a strategic cooperation agreement with the fast hand technology. The two sides will carry out in-depth cooperation in the supply chain capability building, brand marketing and data capacity building of the fast shop, and work together to create a new environment for short video live broadcast business.
In addition, a lot of this month also subscribed to Gome retail convertible bonds. In May 23rd, we said that at present, we invest strategically in Gome with a total of 200 million US dollars in convertible bonds, hoping to carry out some offline after-sales service with Gome. In addition, we also get 1 billion 100 million of investors' dollars.
Gome retail said initial share conversion price was HK $1.215 per share. If all the exercise rights are finally exercised, most of them will be allocated 1 billion 280 million shares of Gome's new shares, accounting for about 5.62% of the share capital of the Gome retail issue.
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