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Reported Earlier, Zhejiang ZEEKR To Acquire 50% Stake In LYNK & CO From Geely Holding And VCI For RMB9B

Benzinga ·  Nov 14, 2024 05:17

On November 14, 2024, Zhejiang ZEEKR Intelligent Technology Co., Ltd ("Zhejiang ZEEKR"), ZEEKR's indirect wholly-owned PRC subsidiary principally engaged in the sale of vehicles, entered into an equity transfer agreement (the "LYNK & CO Equity Transfer Agreement") with Geely Holding, VCI and LYNK & CO, pursuant to which Zhejiang ZEEKR will acquire a 20% interest in LYNK & CO from Geely Holding and a 30% interest in LYNK & CO from VCI (collectively, the "Equity Transfer") at a purchase price of RMB3.6 billion and RMB5.4 billion, respectively

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