Shulou(Shulou.com)11/24 Report--

CTOnews.com news on December 22, Gome Retail announced this evening that the company entered into a loan agreement with Shinning Crown Holdings Inc. (Shinning Crown, a company wholly owned by the company's controlling shareholder Huang Guangyu), under which Shinning Crown agreed to provide a loan of HK $150 million to the company.

The loan is interest-free and unsecured with an initial term of six months and may be extended in writing by both parties before its expiry. The proceeds from the loan will be used by the Group as general working capital.

CTOnews.com learned that this is the third time that Huang Guangyu has injected capital into Gome this month, after providing interest-free loans of HK $150 million and HK $200m respectively on December 8 and December 14, respectively. So far, Huang Guangyu has injected HK $500m into Gome.

Since the beginning of this year, Huang Guangyu has continued to reduce his holdings of Gome retail more than a dozen times, after the topic of "Gome stops paying employees" has repeatedly rushed to Weibo. In this regard, Gome retail said that due to the major challenges and impact of the internal and external complex environment, the company's strategic transformation is facing unprecedented difficulties. "the company promises that temporary adjustment is only a short-term, phased emergency measure. Once the business improves, the company will immediately make up the salary and cash in the corresponding compensation for the departing employees."

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