A cross-office MoFo China team lead by Tien-yo Chao and Xiaohu Ma in Hong Kong has closed a substantial investment by a Warburg Pincus fund in GOME Electrical Appliances Holdings Ltd., a leading Hong Kong Stock Exchange-listed electronics retailer in China.  The transaction is structured as a subscription of five-year, 1.5% convertible bonds with a principal amount of US$125,000,000, issued at par, and (ii) warrants, issued for US$3M, to purchase new shares valued at US$25,000,000.  If fully exercised, Warburg Pincus would become a 9.7% shareholder of GOME for a total investment of US$153M.