UPDATE 1-Geely Auto to raise investment in China car plants

Newswire

(Adds executive comments, details and share price) By Alison Leung HONG KONG, May 27 (Reuters) - Geely Automobile Holdings Ltd said on Thursday it will buy 750 million yuan (US$90.6 million) of automobile assets from Geely Group through its Chinese joint ventures, boosting its car production capacity by at least 60 percent this year. "The transactions will be fully funded by a shareholder's loan made by Geely Group," Lawrence Ang, an executive director of Geely Automobile, told ...

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