GEELY AUTO Announces ZEEKR Shareholder Consideration Choices as "One Geely" Strategy Nears Completion

Stock News12-09

On December 9, GEELY AUTO (0175.HK) announced the results of consideration options for shareholders in the privatization of ZEEKR (NYSE:ZK). Approximately 70.8% of eligible ZEEKR shareholders opted for stock consideration, for which GEELY AUTO will issue 777,228,611 shares. The remaining 29.2% chose or were deemed to have selected cash consideration, totaling approximately $701 million. This move signifies the final phase of GEELY AUTO's "One Geely" consolidation strategy.

The merger between GEELY AUTO and ZEEKR is scheduled for completion by December 29, 2025, aiming to enhance cost efficiency, strengthen brand portfolio competitiveness, and expand global market influence. Post-merger, GEELY AUTO will achieve comprehensive coverage across mainstream, premium, and luxury segments with a diversified powertrain system encompassing ICE, BEV, PHEV, and methanol-electric technologies. The integration is expected to bolster smart manufacturing capabilities, technological innovation, and long-term shareholder value.

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