Geely Auto's stock soared 5.07% during intraday trading on Monday, reaching its highest level in nearly a month, following news of a significant corporate restructuring plan announced by its parent company.

The surge comes after Zhejiang Geely Holding, the parent company, revealed plans to streamline its corporate structure by shutting down or merging redundant entities. The restructuring will concentrate resources around its Hong Kong-listed arm, Geely Automobile Holdings, aiming to build a clearer governance structure with more defined responsibilities and efficient operations.

Chairman Li Shufu announced the strategic move, which is expected to transform the company's strategic consensus into systemic and governance advantages. Investors responded positively to the news, viewing the consolidation of resources around the listed platform as a move that could enhance operational efficiency and global compliance.