Gome, Pinduoduo completed the delivery of convertible bonds to become the largest external shareholder

Gome,PinduoduocompletedthedeliveryofconvertiblebondstobecomethelargestexternalshareholderApril28,GomeRetail(00493.HongKong)issuedanannouncementsayingthatthestr

Gome, Pinduoduo completed the delivery of convertible bonds to become the largest external shareholder
April 28, Gome Retail (00493.Hong Kong) issued an announcement saying that the strategic investment of US $ 200 million convertible bonds of Pinduoduo (NASDAQ: PDD) has been completed.Military, Gome disclosed that the transaction took 3 days to complete the negotiations, and now the delivery is completed within 10 days.According to the announcement, the initial share conversion price is the lowest 1.215 was created. If Pinduoduo has all exercise rights, Pinduoduo will account for approximately 5 of the issued share capital after the allotment and issue of conversion shares.62%.This means Pinduoduo has become the largest shareholder outside Gome Retail.On the evening of April 19, Gome Retail announced that the company was dating a new e-commerce platform Pinduoduo as a strategic investor.At the same time, the two parties reached a strategic cooperation agreement. Gome will receive “Duodu”, a “home · life” supply chain, a large-scale logistics network, service solutions, and other “retail infrastructure”, which will provide Gome with data and technical support.After the two sides realized the technology connection, while Gome put a lot of goods on the shelves, the home appliance received a lot of “10 billion subsidies”, and Pinduoduo gradually injected digital retail resources such as consumer trend big data and platform traffic into Gome Retail.The two parties will carry out comprehensive, in-depth and close cooperation in joint large-scale procurement, customized products, joint marketing, home appliances going to the countryside, and the formation of online and offline traffic alliances.After the announcement, Gome Retail and Pinduoduo have both increased their prices day after day.Among them, Gome’s retail industry has achieved three consecutive increases, with a total increase of more than 28 subdivisions. The trading volume once ranked first in the list of trading volume of Hong Kong stocks. From April 20 to 28, the total turnover exceeded 7 billion euros.Gome retail CFO Fang Wei said that covering the entire commodity supply chain of home appliances and consumer electronics, a distributed logistics system, after-service access advantages, and 160,000 communities based on covering more than 2,600 stores across the country are in-depth strategies established by both parties.The basis of cooperation.In addition, recently, Gome Retail and Asiana Bank (China) formally signed a strategic cooperation agreement to obtain the 1.5 billion comprehensive credit provided by Asiana Bank (China).The two parties will carry out all-round cooperation, innovate financial services, and establish long-term cooperative relationships at the business level of “funding support, overseas bond issuance, overseas investment, cross-border financing”.Sauna, Ye Wang Chen Weicheng Editor Yue Caizhou Proofreading Li Shihui