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Geely Automobile Holdings ( (HK:0175) ) has shared an announcement.
Geely Automobile Holdings has completed the merger of its premium electric-vehicle subsidiary ZEEKR with an indirect wholly owned subsidiary, resulting in ZEEKR becoming a privately held, wholly owned unit of the group. Following this transaction, Geely automatically inherited ZEEKR’s U.S. securities registration and reporting obligations but has now moved to terminate them by filing Form 15F with the U.S. Securities and Exchange Commission, which immediately suspends its U.S. reporting duties and is expected to fully end them within 90 days absent SEC objection; the company has cautioned shareholders and potential investors to exercise care when dealing in its securities during this transition.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$21.00 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 Hong Kong-listed automotive manufacturer incorporated in the Cayman Islands, best known for its portfolio of passenger vehicles and related mobility businesses. Through various subsidiaries, including premium electric-vehicle brand ZEEKR, the group targets both domestic Chinese and international markets, positioning itself as a major player in the global automotive and new energy vehicle sectors.
YTD Price Performance: 16.64%
Average Trading Volume: 56,192,394
Technical Sentiment Signal: Buy
Current Market Cap: HK$171.6B
For an in-depth examination of 0175 stock, go to TipRanks’ Overview page.