HK-listed carmaker Geely plans further asset buys

Newswire

By Daisy Ku HONG KONG, March 25 (Reuters) - Privately-owned Chinese carmaker Geely Group plans to inject 46.8 percent of its remaining auto-related assets worth around US$242 million into Hong Kong-listed investment firm Geely Automobile Holdings Ltd , a company official said on Thursday. The move is part of an ongoing plan by the Chinese firm to make a backdoor listing in Hong Kong to help it expand amid the increasingly competitive China market. "Eighty percent of our shareholders ...

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