Geely to reorganise Zeekr, Lynk units as founder, investors extract US$2 billion
Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process.
Geely Shares Fall Sharply on Zeekr's Plans to Take Majority Stake in Lynk & Co
Geely Automobile's Hong Kong-listed shares fell sharply after it disclosed subsidiary Zeekr plans to take control of Lynk & Co, raising investor concerns over the impact of the deal. Shares of Geely fell 6.5% to 13.00 Hong Kong dollars, equivalent to US$1.67. The benchmark Hang Seng Index was last up 0.65%.
The Chinese automaker nearly doubled its profit and grew revenue by 20% in the third quarter, driven by strong sales and an ...
Geely Automobile ( (GELYF) ) has released its Q3 earnings. Here is a breakdown of the information Geely Automobile presented to its investors.
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Geely moves to further integrate its automotive brands"Geely moves to further integrate its automotive brands" was originally created and published by Just Auto, a GlobalData ...
Geely Automobile Holdings Ltd., the centerpiece of billionaire Li Shufu’s car empire, continued to increase revenue and ...
Ji Shi, an analyst from CMB International Securities, maintained the Buy rating on Geely Automobile Holdings (GELYF – Research Report).
Geely Auto International Corporation has named Coscharis Motors as its official retail partner in Nigeria. Consequently, ...
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