The latest announcement is out from Geely Automobile Holdings ( (HK:0175) ).
Geely Automobile Holdings Limited announced a connected transaction involving the acquisition of a 70% equity interest in certain target companies through its subsidiary, Zhejiang Geome. The transaction, valued at RMB 29,237,600, will result in the target companies becoming subsidiaries of Geely, with their financial results consolidated into the group’s statements. This acquisition, subject to reporting and announcement requirements, strengthens Geely’s market position and expands its operational capabilities in the automotive sector.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited, incorporated in the Cayman Islands, operates in the automotive industry. The company is primarily engaged in the production and sales of automobiles and related parts and components, with a focus on both wholesale and retail markets.
YTD Price Performance: 16.13%
Average Trading Volume: 55,148
Technical Sentiment Signal: Sell
Current Market Cap: $20.53B
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