Gome in strategic stake talks

Leading executives from home electronics retailer Gome Electrical Appliances Holdings have held talks with overseas rivals and private equity funds to discuss the possible sale of a strategic stake, the Financial Times reported. “There have been talks but these are early days and all sides are feeling their way around. There are far too many uncertainties involved to predict that anything will materialize,” a person familiar with the discussions was quoted as saying. Huang Guangyu, Gome’s chairman, is currently under investigation for alleged share price manipulation. Trading of Gome shares has been suspended since late November.