GOME appoints Cazenove Asia as inv't consultant

Published: 13 Feb 2009 00:00:00 PST

Feb. 13, 2009 (China Knowledge) - Gome Electrical Appliance Holdings Ltd<493>, a major home appliance retailer in China, appointed Cazenove Asia Ltd to be its investment consultant recently, sources reported.

Gome hopes Cazenove Asia will provide advice on Gome's possible new shares issuance plan, which aims to attract overseas investors, including the U.S.-based Carlyle Group and Bain Capital.

Two people familiar with the share placement plan said Gome expects to increase its capital by selling shares to new institutional investors, but the company has not worked out the details of the plan.

Cazenove Asia was Gome's consultant when it acquired Yongle (China) Electronics Retail Co Ltd and converted the latter into a wholly-owned subsidiary in 2006.

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