Geely Automobile Holdings (HK:0175) has released an update.
Geely Automobile Holdings is set to increase its stake in ZEEKR from 51.5% to 62.8% by acquiring 11.3% of ZEEKR’s shares from GIHK for $806.1 million. This strategic move highlights Geely’s intent to strengthen its position in the electric vehicle market. Investors should note the transaction is classified as a connected transaction under Hong Kong’s listing rules, though it does not require independent shareholder approval.
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