Geely Automobile (0175.HK) announced a significant transaction between its subsidiary Geely International Hong Kong and Luckview, a wholly-owned subsidiary of Geely Holding Group. Geely International Hong Kong has agreed to sell approximately 11.3% of its shares in Zeekr to Luckview for $8.06 billion (approximately 58.35 billion RMB).
Upon completion of this acquisition, Geely Holding Group will see its stake in Zeekr increase from about 51.5% to approximately 62.8% of the issued share capital.