The Chinese electronics retailer completed its maiden US dollar bond sale as investors overlooked their corporate legacy and challenging operating outlook.
US private equity firm Bain Capital finally exits a tortured six-year investment in Gome Electrical Appliance Holdings close to where it first purchased the stake.
The chairman is safe, but Gome's biggest shareholder prevents dilution and says he will take legally appropriate action to protect his interests -- in other words, he will fight on.
The conviction of Huang Guangyu raises suspicions about the deeds of China's elite business leaders and what it takes to climb the ladder in a highly regulated market.