Geely Automobile climbs on report parent to concentrate resources on HK-listed unit

Geely Automobile Holdings

15/06/2026 03:49

** Shares of Geely Automobile Holdings 0175.HK climb 5% to HK$20.1, their highest level since May 20
** Stock set for the biggest one-day pct rise since April 2
** China's Zhejiang Geely Holding will streamline its structure by shutting down or merging some entities and concentrate resources around its Hong Kong-listed arm, in a bid to improve governance, Bloomberg reported, citing Chairman Li Shufu 
** YTD, stock up 11.5%, while benchmark Hang Seng Index .HSI down 3%
     
     

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))