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00175 GEELY AUTO
RTNominal up9.390 +0.190 (+2.065%)
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29/05/2020 09:01

Geely Auto (00175) to place shares for HK$6,480m

[ET Net News Agency, 29 May 2020] Geely Automobile Holdings Limited (00175) said its
placing agents have agreed to procure placees for 600 million placing shares at the
placing price of HK$10.8 per placing share.
The placing shares represent approximately 6.11% of the company's issued share capital
as enlarged. The placing price represents a discount of approximately 7.85% to the closing
price of HK$11.72 per share on 28 May 2020.
The gross proceeds and net proceeds are estimated to be approximately HK$6,480 million
and HK$6,447 million respectively. The company intends to apply such net proceeds for
business development and general working capital of the group. (RC)

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