HK-listed GOME Retail rebounds after clarifying report on store closures

GOME Retail Holdings

19/10/2023 06:16

** Shares of GOME Retail  0493.HK  rebound 12.2% to
HK$0.046, after they dropped to their lowest since debut in
December 1992 in previous session
    ** Stock marks biggest one-day pct rise since Sept. 6 if
gains hold, snapping four straight sessions of declines 
    ** Beijing-based home appliances retailer says it operates 2
self-operated stores and 107 franchise stores in Guangdong
province as of Sept. 30, as compared to 14 self-operated stores
and 181 franchise stores as of June 30  
    ** Says store number may change as it upgrades new business
model strategies, integrating online and offline operations
    ** Adds it is making the statement in response to media
report relating to its closure of retail stores in Guangdong
province 
    ** Stock down 60.9% YTD
     

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))