Geely Automobile Holdings ( (HK:0175) ) has issued an update.
Geely Automobile Holdings Limited has announced the disposal of equity interests in Geely Sunwoda, with Zhejiang Jirun and Geely Automobile Group agreeing to sell 41.5% and 28.5% stakes respectively to Zhejiang Jiyao. The transactions, valued at RMB49,800,000 and RMB34,200,000, are considered connected transactions under the Listing Rules due to the involvement of Mr. Li, a substantial shareholder. These disposals are subject to reporting requirements but do not require independent shareholder approval, potentially impacting the company’s financial structure and stakeholder interests.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a major player in the automotive industry, primarily engaged in the manufacturing and sales of automobiles. The company focuses on producing a range of vehicles and is known for its innovative approach in the automotive sector.
YTD Price Performance: 16.13%
Average Trading Volume: 55,148
Technical Sentiment Signal: Sell
Current Market Cap: $20.53B
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