Geely says to issue $334 mln conv bonds, warrants to Goldman

Newswire

HONG KONG, Sept 23 (Reuters) - Geely Automobile Holdings , China's largest privately owned auto maker, said on Wednesday it plans to raise HK$2.59 billion ($334 million) in convertible bonds and warrants to an affiliate of Goldman Sachs . Geely, which has said its parent is considering bidding for Ford's Swedish car brand Volvo, said the proceeds will be used to fund capital expenditures, potential acquisitions and for general working capital. For statement please click ...

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