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Geely Automobile Holdings ( (HK:0175) ) just unveiled an update.
Geely Automobile Holdings has issued a supplemental announcement clarifying pricing policies and internal control measures for its exempted continuing connected transactions, including CKD and automobile components purchases and service arrangements with related parties. Margin rates for manufacturing services will be set after arm’s length negotiations within a benchmark range derived from an independent Big Four transfer pricing analysis.
The group has detailed a set of internal controls managed by designated finance managers to ensure transactions with connected parties are conducted on normal commercial terms and within approved caps. These measures include record-keeping, regular reviews, spot checks against independent market quotations, and uniform pricing policies for automobile product sales to prevent preferential treatment of distributors linked to the Geely Holding Group.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$28.00 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 is a Chinese automotive manufacturer listed in Hong Kong, focusing on the development, production and sale of passenger vehicles, components and related mobility services. The company operates through multiple joint ventures and connected entities, serving both domestic and international markets with a broad portfolio of automobile products and services.
YTD Price Performance: 27.04%
Average Trading Volume: 85,115,114
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$246.6B
See more insights into 0175 stock on TipRanks’ Stock Analysis page.