BRIEF-Geely Automobile, Geely Holding, Lynk And Zeekr Entered Sales And Purchase Agreement

Reuters · 09/15/2023 10:16
BRIEF-Geely Automobile, Geely Holding, Lynk And Zeekr Entered Sales And Purchase Agreement

- Geely Automobile Holdings Ltd 0175.HK:

  • COMPANY, GEELY HOLDING, LYNK & CO AND ZEEKR ENTERED INTO AUTOMOBILE COMPONENTS SALES AND PURCHASE AGREEMENT

  • AGREEMENT TO STREAMLINE CONTINUING CONNECTED TRANSACTIONS IN RELATION TO SALE AND PURCHASE OF AUTOMOBILE COMPONENTS

  • IN RELATION TO SALE AND PURCHASE OF AUTOMOBILE COMPONENTS FOR A TERM FROM EFFECTIVE DATE OF AGREEMENT TO 31 DECEMBER 2024

  • GROUP CONDITIONALLY AGREED TO SELL AUTOMOBILE COMPONENTS TO GEELY HOLDING GROUP

  • GROUP ALSO AGREED TO SELL AUTOMOBILE COMPONENTS TO LYNK & CO GROUP

  • PROPOSED ANNUAL CAPS FOR SALE OF AUTOMOBILE COMPONENTS BY GROUP ARE RMB14,874.1 MILLION & RMB17,645.2 MILLION, RESPECTIVELY FOR TWO YEARS

  • GROUP CONDITIONALLY AGREED TO BUY AUTOMOBILE COMPONENTS FROM GEELY HOLDING GROUP AND ZEEKR GROUP

  • PROPOSED ANNUAL CAPS FOR PURCHASE OF AUTOMOBILE COMPONENTS BY GROUP RMB17,691.2 MILLION AND RMB38,358.6 MILLION, RESPECTIVELY FOR TWO YEARS

Source text for Eikon: ID:

Further company coverage: 0175.HK


((Reuters.Briefs@thomsonreuters.com;))