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The latest announcement is out from Geely Automobile Holdings ( (HK:0175) ).
Geely Automobile Holdings Limited has announced an extraordinary general meeting to discuss the approval of a merger agreement with ZEEKR. This agreement involves the privatization of ZEEKR by acquiring all its issued and outstanding shares and ADSs, with eligible holders having the option to receive cash or consideration shares. The move is expected to strengthen Geely’s market position and expand its portfolio in the electric vehicle sector, potentially impacting stakeholders by enhancing the company’s growth prospects and market reach.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$23.00 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 sale 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.
Average Trading Volume: 73,982,572
Technical Sentiment Signal: Buy
Current Market Cap: HK$191.1B
Learn more about 0175 stock on TipRanks’ Stock Analysis page.