Gome eyes mainland listing
(China Daily)
Updated: 2008-01-08 11:33
Updated: 2008-01-08 11:33
China's top appliance retailer Gome is gearing up to get listed on the mainland, and the company is waiting for approval from the authorities, said its spokesperson He Yangqing.
"It is still hard to predict whether we can finally make it, but we have been trying our best," He said.
Gome went public in Hong Kong in June 2004, and the newest financial report shows the company recorded sales of 30.3 billion yuan ($4.17 billion) in the third quarter last year, increasing by 70 percent year-on-year.
The spokesperson said now is the perfect time for Gome to list on the mainland and that the initial public offering could strengthen its branding.
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