BAIN'S RESCUE IN CHINABAIN'S RESCUE IN CHINAWhen a company's founder and biggest shareholder is reported to be awaiting trial for "economic crimes" and its stock has been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. from trading for seven months, it probably needs a helping hand--and Chinese electronics retailer GOME n. 1. A man. 1. The black grease on the axle of a cart or wagon wheel; - called also gorm ltname>. See Gorm. just found one. Its Hong Kong-listed shares soared 70% on June 23 after an announcement that Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. will buy as much as 23.5% of the mainland outfit. GOME will raise at least $417 million by issuing convertible bonds to Bain, as well as through a new share offering that the U.S. private equity firm will underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. . But a cloud will hang over GOME until the fate of founder Huang Guangyu is cleared up.
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