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.
Ji Shi, an analyst from CMB International Securities, maintained the Buy rating on Geely Automobile Holdings (GELYF – Research Report).
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