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26/06/2020 10:45

Geely Auto (00175) to issue 1,732m shares on Sci-Tech Board

[ET Net News Agency, 26 June 2020] Geely Automobile Holdings Limited (00175) said the
board has approved a preliminary proposal for the possible issue of 1,732 million RMB
shares, representing not more than 15% of the company's issued share capital, and listing
on the Sci-Tech Board.
The issue price of the RMB shares has yet to be determined. The proceeds of the share
Issue are currently intended to be used for (a) research and development of new automobile
products; (b) prospective technology research and development; (c) industrial acquisition;
and (d) replenishment of working capital. (KL)

Remark: Real time quote last updated: 28/09/2020 17:59
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