Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
The latest announcement is out from Geely Automobile Holdings ( (HK:0175) ).
Geely Automobile Holdings has submitted a non-binding proposal to privatize its premium electric vehicle brand, ZEEKR, by acquiring all issued and outstanding shares and ADSs not already owned by the group. This move aims to enhance internal resource integration, reduce costs, and strengthen corporate competitiveness. If successful, the privatization will result in ZEEKR becoming a wholly-owned subsidiary, delisting from the NYSE, and providing a unified listing platform for Geely. This strategic decision is expected to bolster Geely’s position in the global premium electric vehicle market and address economic challenges.
More about Geely Automobile Holdings
Geely Automobile Holdings is a prominent player in the automotive industry, focusing on the production and sale of passenger vehicles. The company is known for its innovative approach in the electric mobility sector, particularly through its premium electric vehicle brand, ZEEKR, which targets the high-end market.
Average Trading Volume: 96,832,532
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$168.7B
See more data about 0175 stock on TipRanks’ Stock Analysis page.