Geely says to lift stake in 5 key units for $128 mln

Newswire

HONG KONG, Nov 28 (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd said on Monday that it will raise its holding in five key operating subsidiaries to 99 percent from 91 percent for about 817 million yuan ($128.16 million) to improve group profitability. The subsidiaries are Zhejiang Jirun Automobile Co Ltd, Shanghai Maple Guorun Automobile Co Ltd, Zhejiang Kingkong Automobile Co Ltd, Zhejiang Ruhoo Automobile Co Ltd and Hunan Geely Automobile Components Co Ltd. For statement ...

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