Shares at electricals retailer Gome have rallied after a seven-month suspension in trading when it revealed that US private equity firm Bain Capital will invest up to US$418m (£254.5m) in it.

The deal gives Bain up to 23 per cent of shares, making it the second-largest shareholder, and will lend beleaguered Gome credibility.

Shares stopped trading in November after it was revealed that Gome’s largest shareholder, founder Huang Guangyu, is being investigated for alleged financial irregularities.

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