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Geely Automobile Holdings ( (HK:0175) ) has shared an announcement.
Geely Automobile Holdings Limited has completed significant transactions involving the acquisition and capital injection of LYNK & CO by ZEEKR, leading to a restructuring of ownership where LYNK & CO is now 51% owned by Zhejiang ZEEKR. Following these transactions, the financial results of LYNK & CO will be consolidated into the ZEEKR Group’s and Geely’s financial statements, with an estimated unaudited gain of approximately RMB6.47 billion arising from the change in control status.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a major player in the automotive industry, involved in the production and sale of vehicles. The company focuses on furthering its market reach through strategic acquisitions and partnerships.
YTD Price Performance: 17.68%
Average Trading Volume: 74,338
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.3B
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