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Zeekr Rockets 10%+ Pre-Mkt as GEELY AUTO Proposes Privatization
Zeekr (ZK.US) has received a privatization proposal from GEELY AUTO (00175.HK), with the proposed purchase price representing a premium of about 13.6% to the closing price of Zeekr...
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Zeekr Rockets 10%+ Pre-Mkt as GEELY AUTO Proposes Privatization
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Zeekr (ZK.US)      has received a privatization proposal from GEELY AUTO (00175.HK)  +0.160 (+0.913%)    Short selling $487.20M; Ratio 20.259%   , with the proposed purchase price representing a premium of about 13.6% to the closing price of Zeekr’s ADSs on the New York Stock Exchange on the last trading day. Zeekr’s US shares rocketed by nearly 10.9% to US$25.05 pre-market.

GEELY AUTO announced today (7th) that it had submitted a non-binding proposal to Zeekr, initially expressing its intention to privatize the company. The proposed purchase price is US$2.566 per Zeekr share or US$25.66 per ADS. Shareholders may also choose to exchange each Zeekr share for 1.23 newly issued shares or receive 12.3 newly issued shares for each ADS.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsJPM Expects GEELY AUTO (00175.HK) Zeekr Privatization to Help Improve Synergies/ Cost Competitiveness w/ TP $23/ Rating Overweight

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