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Bank of America Securities: Acquisition of Zeekr Boosts Geely Automobile; Ups Target Price to HK$21.6, Maintains 'Buy' Rating
2 day ago /
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Author：小编
Geely Automobile has officially announced the acquisition of all outstanding ordinary shares and American Depositary Shares (ADS) of Zeekr, marking a 4.7% increase in the acquisition price from the previous offer. With full control of Zeekr, Geely aims to streamline R&D resources and enhance overall management efficiency. In response, Bank of America Securities has reiterated its 'Buy' rating on Geely Automobile, while raising the target price to HK$21.6, reflecting its optimistic outlook on the company's future growth prospects.
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