GOME says major shareholder to sell $273 mln shares

HONG KONG, April 21 (Reuters) - Top Chinese electronics chain GOME Electrical Appliances Holding (0493.HK: Quote, Profile, Research) said its controlling shareholder would sell HK$2.13 billion (US$273.37 million) worth of existing shares to at least six independent investors.

GOME said in a statement late on Sunday that its controling shareholder Wong Kwong Yu would sell 125.43 million shares at a price of not less than HK$17 per share, reducing his stake in the company to 35.55 percent from 39.48 percent.

Shares of GOME ended at HK$18.28 on Friday. (US$1=HK$7.8) (Reporting by Donny Kwok)