Overview

• Geely Holding Group has submitted a non-binding offer to acquire all remaining shares of Zeekr Group, valuing the company at $6.5 billion.
• The proposal includes delisting Zeekr from the New York Stock Exchange and offering shareholders the option of cash or 1.23 new Geely Auto shares per Zeekr share.
• Geely currently owns 65.7% of Zeekr and aims to fund the acquisition using cash, equity, or debt.
• Chairman Li Shufu stated the move would enhance technological synergies, improve innovation, and boost profitability across Geely's holdings.
• Zeekr's stock surged 11% in pre-market trading following the announcement, reflecting investor optimism over the proposed privatization.