Wednesday, July 08, 2009

Geely (chinese carmaker) raises shareholding in Geely Automotive to over 30 Percent

Geely Group Ltd recently raised its shareholding in Geely Automobile Holidngs<0175> to 31.83% from the previous 31.77%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)
Information from HKEx showed that Geely Group bought 4.25 million H-shares of Geely Auto on Jul. 3 for HK$5.9 million. The average share price of the transaction was HK$1.38 apiece.

H-shares of Geely Auto rose 2.17% to end at HK$1.41 on Tuesday.



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