https://www.reuters.com/article/us-geely-automobile-stocks-idUSKBN2342FK

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A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song. HONG KONG/BEIJING (Reuters) - Geely Automobile Holdings Ltd ( 0175.HK ) said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world’s largest auto market. Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release. The offering represents about 6.1% of its enlarged share capital, and the company plans to use the ... Full story

29 May

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