China: Geely to increase holdings in subsidiaries

Geely Automobile Holdings has announced it is to increase its shareholdings in five key operating subsidiaries - Zhejiang Jirun, Shanghai Maple Guorun, Zhejiang Kingkong, Zhejiang Ruhoo and Hunan Geely. Each of these is currently an indirect 91%-owned subsidiary of Geely Auto but on completion of the transactions, each will subsequently Subscribe to Automotive World to … Continued

• By Webmaster
• November 28, 2011