Gome Retail Outlets Received 6 Billion 500 Million Credit Lines From 3 Banks.

Recently, at the beginning of -6 in April, Gome reached strategic cooperation with three Asian financial institutions, including the Bank of Korea (China) Limited, the Guangdong Development Bank Kunming branch and the Dalian bank Beijing branch, and the 1 billion 500 million comprehensive credit lines, 3 billion comprehensive credit lines and 2 billion comprehensive credit lines granted by them.

Among them, Han Ya (China) provides international financial support to Gome through international channels, and its national bank licence will also help Gome to carry out its business. In the future, it will seek cooperation with Gome in cross-border financing, offshore bond issuance and overseas investment.

And to help Gome and other South Korean enterprises to cooperate in bridging the bridge, its network will provide more wisdom clearing convenience to the Gome, supply chain finance, traditional credit services and other services. The two sides will carry out all-round cooperation in financial support, offshore bond issuance, offshore investment and cross-border financing, and innovate financial services.

GD bank Kunming branch helps Gome expand the development of multi-dimensional supply chain. Gome will continue to expand the layout of new retail formats in Western China and promote the development of international settlement and digital finance. GD bank Kunming branch will focus on the new business with Gome, focusing on smart hospitals, smart shopping malls and other new projects to build service interfaces, share the advantages of resources, and build smart financial products on the basis of Gome's original financial products.

The cooperation with Dalian bank Beijing branch further deepened Gome's innovative financial service mode. The two sides focused on the supply chain finance business, and supported by comprehensive, efficient, innovative and convenient integrated financial services, and jointly built new financial products.

Since the beginning of this year, Gome retailing has taken a lot of action at the capital level. In the evening of March 10th, Gome retail announced that the company had paid the principal amount of $466 million in unredeemed USD bonds in 2020 and the related interest rate of $11 million 650 thousand, which amounted to $478 million.

In April of this year, a large amount of US $200 million of convertible bonds was invested in Gome; in the evening of May 28th, Gome issued $100 million convertible bonds to the Jingdong, and the two sides will carry out deep cooperation in joint procurement, joint marketing and logistics services.

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