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Geely Automobile Holdings ( (HK:0175) ) has provided an announcement.
Geely Automobile Holdings Limited has announced a progress update on the privatisation of its subsidiary, ZEEKR, as part of a merger agreement. The company has received formal approval from ZEEKR shareholders for the transactions outlined in the merger agreement, which involves acquiring all issued and outstanding ZEEKR shares. The completion of these transactions is contingent upon fulfilling certain conditions, and Geely will continue to update shareholders and potential investors on the progress. Stakeholders are advised to exercise caution as the transactions are subject to conditions that may affect their completion.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$22.50 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a prominent player in the automotive industry, primarily engaged in the design, development, manufacturing, and sales of automobiles. The company focuses on producing a wide range of vehicles, including sedans, SUVs, and electric vehicles, catering to both domestic and international markets.
YTD Price Performance: 26.82%
Average Trading Volume: 71,541,252
Technical Sentiment Signal: Buy
Current Market Cap: HK$186.6B
See more insights into 0175 stock on TipRanks’ Stock Analysis page.