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GOME RETAIL (00493.HK): Completes Debt-to-Equity Share Placements to Shanghai Jinbodin and China Taiyue Technology
GOME RETAIL (00493.HK) announced that due to multiple uncertainties related to its ability to continue as a going concern, the companys auditor was unable to express an opinion on...
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GOME RETAIL (00493.HK): Completes Debt-to-Equity Share Placements to Shanghai Jinbodin and China Taiyue Technology
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GOME RETAIL (00493.HK)  -0.001 (-7.692%)   announced that due to multiple uncertainties related to its ability to continue as a going concern, the companys auditor was unable to express an opinion on the groups consolidated financial statements for FY2024 and FY2025. The company will continue to implement the action plans set out in the annual reports to address the disclaimer of opinion issue.

The group stated that on January 16, 2026, the company entered into subscription agreements with Shanghai Jinbodin (an agent and its designated party of the groups financial services provider) and China Taiyue Technology (an agent of the groups technical services provider), respectively. Under the relevant subscriptions, the group proposed to repay debts of approximately RMB290 million owed to Shanghai Jinbodin and RMB46.8 million owed to China Taiyue Technology through debt-to-equity arrangements.

On March 23, the company completed the allotment and issuance of 21.619 billion shares and 3.49 billion shares to Shanghai Jinbodin and China Taiyue Technology, respectively, to settle the above debts.

The group added that its supply chain has not yet fully resumed operations. Apart from the completion of the debt-to-equity arrangement with China Taiyue Technology and the resumption of technical system services to the group, the company is still negotiating agreement terms for debt-to-equity arrangements with other major suppliers. (hc/da)(HK stocks quote is delayed for at least 15 mins.)

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