Friday , October 30 2020
Home / South China Morning Post / Geely gets nod to raise capital on Shanghai’s Nasdaq-like Star Market as carmaker remakes itself into tech company

Geely gets nod to raise capital on Shanghai’s Nasdaq-like Star Market as carmaker remakes itself into tech company

Summary:
[unable to retrieve full-text content]Geely Automobile Holdings, China’s largest private carmaker and owner of Volvo Cars, has obtained regulatory approval for a secondary listing on Shanghai’s Nasdaq-like exchange for start-ups, as it redefines itself as a technology company with its line-up of 10 electric cars by 2025.The Hangzhou-based carmaker aims to raise as much as 20 billion yuan (US.94 billion) on the Star Market to finance its development of new technologies and models, according to an announcement by the Shanghai Stock…

Topics:
Daniel Ren considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Roaring GDP, So What’s That In The I

Tyler Durden writes The ACLU Is Suing Police Across The Country For “Brutality” In Response To Riots And Looting This Summer

Tyler Durden writes Nine COVID Controversies

Tyler Durden writes China Reveals First Glimpse Into Its Economic Plans For Next Five Years

[unable to retrieve full-text content]
Geely Automobile Holdings, China’s largest private carmaker and owner of Volvo Cars, has obtained regulatory approval for a secondary listing on Shanghai’s Nasdaq-like exchange for start-ups, as it redefines itself as a technology company with its line-up of 10 electric cars by 2025.The Hangzhou-based carmaker aims to raise as much as 20 billion yuan (US$2.94 billion) on the Star Market to finance its development of new technologies and models, according to an announcement by the Shanghai Stock…

Leave a Reply

Your email address will not be published. Required fields are marked *