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Li Shufu To Close Redundant Entities of Geely Automobile Group, Focus Resources on Strengthening GEELY AUTO
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In order to further streamline the relationship between Geely Automobile Group Co., Ltd. and GEELY AUTO (00175.HK), the company will orderly close related redundant entities under Geely Automobile Group Co., Ltd., and concentrate superior resources on strengthening GEELY AUTO as its core listed platform, Li Shufu, Chairman of Geely Holding, revealed. This aims to establish a modern corporate operating system with a clearer governance structure, more defined powers and responsibilities, efficient operations, and global compliance, thereby transforming the strategic consensus of "One Geely" into systemic advantages, governance advantages, and enhanced global competitiveness, and creating a sound governance environment to focus on making "One Geely" stronger and bigger. AASTOCKS Financial News |
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