GOME says no plan for a listing in China -media
HONG KONG, June 25 (Reuters) - GOME Electrical Appliances (0493.HK), China's top electronics retailer, said on Thursday it had no current plan to list its A shares on a mainland exchange but would focus on improving store performance after rapid expansion in past years.
"Anticipation and actual plan are two different things. There is no way to formulate a plan for the time being. We can only follow the overall changes (in environment)," GOME chairman Chen Xiao said in an interview with online site Sina.com in response to a question about plans to list A-shares in China.
Last August, the China Securities Journal cited a company's president as saying GOME was considering a listing on a mainland exchange via a reverse takeover of Sanlian Commerce Co (600898.SS) or Beijing Centergate Technologies 000931.SZ.
GOME on Monday agreed to a high-profile deal for Bain Capital to invest up to $418 million via convertible bonds and new share offerings, easing investors' concerns over the retailer's stretched balance sheet. [ID:nHKG70961]
Shares of GOME fell 2.05 percent to HK$1.91 on Thursday afternoon. (US$1=HK$7.8) (Reporting by Donny Kwok; Editing by Ken Wills)
