Geely Auto and Zeekr Sign Merger Agreement – Accelerating the “Return to One Geely” Strategy
Geely Holding Group announced that its subsidiaries, Geely Automobile Holdings Limited (hereinafter referred to as "Geely Auto,", stock code: 0175.HK) and Zeekr Intelligent Technology Co., Ltd. (hereinafter referred to as "Zeekr," stock code: NYSE: ZK), have officially signed a merger agreement. Under the terms of this agreement Geely Auto will acquire all outstanding shares of Zeekr not already held by Geely Auto, with Zeekr shareholders offered the option to receive either cash or Geely Auto shares as consideration.