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| HSI1 | 24,488.33 | -29.43 | 203.70B |
| HSCEI1 | 8,850.83 | -10.56 | 60.84B |
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2025-07-16 10:53:58 GEELY AUTO (00175.HK) recently announced the acquisition of all outstanding issued ordinary shares and ADS of Zeekr (ZK.US), BofA Securities issued a research report saying. Shareholders can choose to receive cash and equivalent GEELY AUTO shares, with each ordinary share/ ADS convertible into US$2.687/ US$26.87, respectively. BofA Securities believed that this merger will allow GEELY AUTO to fully control Zeekr and Lynk brands, positively impacting GEELY AUTO as the Group can integrate R&D resources, such as auto design, smart cabin and assisted driving. Multi-brand marketing can be more efficient and synergistic, while simplified equity structure can enhance the Group's management efficiency. Therefore, the broker kept rating at Buy, with a target price of $21.6, as it was optimistic about its stable sales performance and growth momentum driven by new model cycle. ~ AASTOCKS Financial News Website: www.aastocks.com | |