Summary by Futu AI
On November 14, 2024, Geely Automobile announced that its indirectly wholly-owned subsidiary, Geely International Hong Kong, and wholly-owned subsidiary Luckview entered into a zeekr purchase agreement. Geely International Hong Kong will sell approximately 11.3% of the zeekr issued share capital to Luckview for a consideration of $806,100,000 (approximately RMB 5,835,116,070). This transaction will increase Geely Automobile's stake in zeekr from 51.5% to approximately 62.8%. Zeekr is a global luxury electric automobile brand, and this move demonstrates Geely's further support for the zeekr brand. The completion of the transaction is subject to certain conditions and is not certain. Shareholders and prospective investors should act cautiously. According to the listing rules, this transaction is a related party transaction but does not require independent shareholder approval.