Geely to Shut Some Units, Focus on HK-Listed Arm, Chairman Says

🇨🇳 Bloomberg (CN) —

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China’s Zhejiang Geely Holding Group plans to shut or merge some units while focusing on its Hong Kong-listed arm to improve governance. Chairman Li Shufu announced the restructuring to streamline the company.

China’s Zhejiang Geely Holding Group will streamline its structure by shutting down or merging some entities and concentrate resources around its Hong Kong-listed arm, in a bid to improve governance, Chairman Li Shufu said.

Markets Deals Real Estate Geely company restructuring li Shufu Hong Kong-listed factory closure corporate governance

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