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Geely Automobile Holdings Ltd (0175.HK)

0175.HK on Hong Kong Stock

12.62HKD
20 May 2019
Change (% chg)

HK$-0.44 (-3.37%)
Prev Close
HK$13.06
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HK$13.08
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HK$13.08
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HK$12.46
Volume
83,054,827
Avg. Vol
81,225,695
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HK$24.60
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HK$10.08

Latest Key Developments (Source: Significant Developments)

Geely Automobile April Total Sales Volume 103,908 Units
Wednesday, 8 May 2019 

May 8 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::TOTAL SALES VOLUME OF GROUP FOR MONTH OF APRIL 2019 WAS 103,908 UNITS, A DECREASE OF APPROXIMATELY 19%.OF TOTAL SALES VOLUME IN APRIL, 8,120 UNITS WERE NEW ENERGY AND ELECTRIFIED VEHICLES.  Full Article

Geely Automobile Holdings Says Zhejiang Powertrain To Buy Yiwu Engines' Unit For RMB322.2 Mln
Monday, 29 Apr 2019 

April 29 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::ZHEJIANG POWERTRAIN TO ACQUIRE ENTIRE REGISTERED CAPITAL OF YW TARGET FROM YIWU ENGINES FOR RMB322.2 MILLION.  Full Article

Geely Automobile Holdings Posts March Total Sales Volume 124,643 Units
Monday, 8 Apr 2019 

April 8 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::MARCH TOTAL SALES VOLUME 124,643 UNITS, UP 3 PERCENT.  Full Article

Daimler Nears Geely Deal Over Small-Car Smart Arm- FT
Tuesday, 26 Mar 2019 

March 26 (Reuters) - :DAIMLER IS NEARING A DEAL TO SELL A 50 PER CENT STAKE IN ITS SMALL-CAR BRAND TO CHINA'S GEELY - FT, CITING SOURCES.  Full Article

Geely Automobile Holdings Posts FY Profit Attributable RMB 12.55 Billion
Thursday, 21 Mar 2019 

March 21 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::FY REVENUE RMB 106.60 BILLION VERSUS RMB 92.76 BILLION.FY PROFIT ATTRIBUTABLE RMB12.55 BILLION VERSUS RMB10.63 BILLION.PROPOSED A FINAL DIVIDEND OF HK$0.35 PER ORDINARY SHARE.BOARD SET GROUP'S SALES VOLUME TARGET FOR YEAR OF 2019 AT A CONSERVATIVE LEVEL OF 1,510,000 UNITS.GROUP'S MAJOR EXPORT MARKETS SHOULD CONTINUE TO SHOW SIGNIFICANT RECOVERY IN 2019.IN 2019, GROUP WILL SIGNIFICANTLY INCREASE PROPORTION OF NEW ENERGY AND ELECTRIFIED VEHICLES IN ITS SALES VOLUME.  Full Article

Geely Automobile Total Jan Sales Volume 158,393 Units
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::TOTAL SALES VOLUME FOR MONTH OF JANUARY 2019 REACHED 158,393 UNITS.  Full Article

Geely Automobile Holdings Posts Dec Total Sales Volume Of 93,333 Units
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::TOTAL SALES VOLUME OF GROUP FOR DECEMBER 2018 WAS 93,333 UNITS, DOWN APPROXIMATELY 39%.BOARD PRELIMINARILY SET GROUP'S SALES VOLUME TARGET FOR YEAR OF 2019 AT 1.5 MILLION UNITS.GROUP'S EXPORTS VOLUME WAS UP OVER SEVENFOLD YEAR-ON-YEAR TO 7,035 UNITS IN DECEMBER 2018.OF TOTAL SALES VOLUME IN DECEMBER 2018, 6,271 UNITS WERE NEW ENERGY AND ELECTRIFIED VEHICLES.GROUP'S TOTAL SALES VOLUME IN CHINA MARKET FOR DEC 2018 WAS 86,298 UNITS, DOWN 44 PERCENT.  Full Article

BRIEF-Contemporary Amperex Technology Plans Battery JV With Geely Automobile's Zhejiang Unit
Thursday, 20 Dec 2018 

Refiles with correct link:SAYS IT PLANS TO FORM BATTERY JOINT VENTURE OF 1 BILLION YUAN ($145.24 million) WITH ZHEJIANG JIRUN AUTOMOBILE, UNIT OF GEELY AUTOMOBILE.  Full Article

Geely Automobile Oct Sales Volume 128,986 Units
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>::SALES VOLUME OF GROUP FOR MONTH OF OCTOBER 2018 WAS 128,986 UNITS.EXPORTS VOLUME WAS UP AROUND 76% YEAR-ON-YEAR TO 1,332 UNITS IN MONTH OF OCTOBER.  Full Article

China's Zhejiang Geely Takes Control Of Denmark's Saxo Bank
Friday, 14 Sep 2018 

Sept 14 (Reuters) - SAXO BANK SAYS: :CHINA'S ZHEJIANG GEELY HOLDING GROUP AND SAMPO PLC OF FINLAND GET ALL NECESSARY REGULATORY APPROVALS TO TAKE CONTROL OF DENMARK'S SAXO BANK.DANIEL DONGHUI LI HAS BEEN ELECTED CHAIRMAN OF SAXO.IN OCTOBER 2017, SAXO SHAREHOLDERS RECEIVED AN OFFER FROM GEELY TO ACQUIRE A MAJORITY STAKE IN SAXO BANK.AT THE SAME TIME, SAMPO MADE AN OFFER TO ACQUIRE A 19.9 PERCENT INTEREST IN THE BANK.THE CLOSING OF THE TRANSACTIONS MEANS THAT TPG CAPITAL, LARS SEIER CHRISTENSEN AND SINARMAS SELL THEIR INTERESTS IN SAXO BANK AMOUNTING TO 29.26 PERCENT, 25.71 PERCENT AND 9.9 PERCENT, RESPECTIVELY.CEO AND FOUNDER KIM FOURNAIS’ SHARE OF 25.71 PERCENT OF THE BANK REMAINS UNCHANGED.THE TRANSACTION VALUES SAXO BANK AT EUR 1.325 BILLION."WE BELIEVE THAT SAXO BANK'S TECHNOLOGIES AND PRODUCTS CAN BE EFFECTIVELY EXPANDED ACROSS ASIA, WHERE WE HOPE TO BUILD ON ITS STRONG REPUTATION IN GLOBAL FINANCIAL AND REGULATORY TECHNOLOGY. THIS IS EXPECTED TO GENERATE SYNERGIES FROM THE DEVELOPMENT OF FINANCIAL SERVICES IN THE CHINESE MARKET," SAID DANIEL DONGHUI LI, CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT OF GEELY HOLDING GROUP .  Full Article

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Daimler's CEO designate will push alliances to cut costs

SINDELFINGEN, Germany Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday.