China’s Geely is officially bringing its luxury EV startup Zeekr private

Share via:


China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange.

The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges.

When the merger closes, Zeekr shareholders will receive either $2.69 in cash per share or 1.23 newly issued Geely shares for each Zeekr share they own, per a regulatory filing. Holders of Zeekr American…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

China’s Geely is officially bringing its luxury EV startup Zeekr private


China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange.

The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges.

When the merger closes, Zeekr shareholders will receive either $2.69 in cash per share or 1.23 newly issued Geely shares for each Zeekr share they own, per a regulatory filing. Holders of Zeekr American…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Google Discover adds AI summaries, threatening publishers with further...

As publishers fret about decreased traffic from Google,...

Trupeer.ai Raises $3M led by RTP Global to Unlock...

Every product demo starts with a screen recording. But...

Home decor platform Vaaree raises $4.6 million in round...

Home decor platform Varee has raised $4.6 million...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs
IPTV IPTV IPTV IPTV IPTV IPTV IPTV