Olivia

Gome, China's biggest electronic retailer, will sell 170 million existing shares at a range of HK$13.74 to HK$14.04, a discount of as much as 8 percent to the closing price yesterday, according to a term sheet sent by e-mail to investors.

Huang, China's third-richest person according to Forbes magazine, owned a 48 percent stake in the company that he founded as of June 30. Gome's shares gained 145 percent this year before being suspended yesterday, beating the benchmark Hang Seng Index's 29 percent climb. The stock soared 8 percent to HK$15.34 on Sept.


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