Geely Automobile Holdings Ltd. has announced the privatisation of its subsidiary, ZEEKR, through a merger agreement. The transaction involves the issuance of Consideration Shares, which will not be offered to the public in Hong Kong. Executive directors Mr. Li, Mr. Li Dong Hui, Mr. Gui, and Mr. Gan have abstained from voting on the Board resolutions due to their interests in ZEEKR. The completion of the privatisation and merger is set to occur on a mutually agreed date within 20 business days after satisfying all conditions precedent. The Merger Agreement may be terminated prior to its effective time. This announcement was made by Geely Automobile Holdings Ltd.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geely Automobile Holdings Ltd. published the original content used to generate this news brief on July 15, 2025, and is solely responsible for the information contained therein.