The Chinese electronics retailer completed its maiden US dollar bond sale as investors overlooked their corporate legacy and challenging operating outlook.
The chairman is safe, but Gome's biggest shareholder prevents dilution and says he will take legally appropriate action to protect his interests -- in other words, he will fight on.
The conviction of Huang Guangyu raises suspicions about the deeds of China's elite business leaders and what it takes to climb the ladder in a highly regulated market.