Bain in exclusive talks on China's GOME -sources

HONG KONG, June 3 (Reuters) - U.S. private equity giant Bain Capital entered exclusive talks this week to buy into China's top home appliance retailer GOME (0493.HK) after months of competition with other potential investors, sources told Reuters on Wednesday.

Two sources close to the situation said the Bain negotiation team, led by Hong Kong-based managing director Jonathan Zhu, began exclusive talks with GOME's management team led by chairman Chen Xiao on Monday.

Bain aims to buy a 20 percent stake of GOME worth about HK$3 billion ($387 million) based on GOME's last closing price of HK$1.12 per share, said the sources, adding no legally binding agreement had been inked yet. Both Bain and GOME declined to comment. (Reporting by George Chen; Editing by Jonathan Hopfner)