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🚗🇨🇳📈 Geely Plans To Privatize ZEEKR at $25.66 Per ADR, Valuing Unit at $2.566/Share 🔹 Summary: Geely Automobile announced plans to privatize its Chinese EV unit ZEEKR, offering $2.566 per share or $25.66 per American Depository Share. The move highlights Geely’s push to consolidate control over ZEEKR amid intensifying competition in China’s electric vehicle market. 🔹 Key Points: • Geely is listed in Hong Kong and aims to privatize its EV unit ZEEKR. • The offer values ZEEKR at $2.566 per local share or $25.66 per ADR. • The privatization plan reflects Geely’s strategic shift to strengthen EV competitiveness. • ZEEKR has been a key player in Geely’s premium electric vehicle segment. • The deal underscores rising M&A and consolidation trends in China’s EV market. @CMEActiveTrader Tickers Of Interest: $MCHI $CNH Tickers Of Interest: $GELYF $ZK $USD $CNY $DXY $TSLA
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⚠️ HK-listed Geely eyes privatisation of Chinese unit ZEEKR - Reuters on Full Story →
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