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  1. Business - Companies - CARS

    Geely first-half profit rises 37pc as both domestic sales and exports jump

    Posted Aug 22nd 2013, 12:56pm by Kwong Man-ki

    ... First-half net profit at Geely rises 37 pc Mainland carmaker Geely Automobile posted stronger-than-expected growth in first-half profit as car sales recovered at home and exports picked up ... exchange. Analysts had been expecting 20 per cent profit growth. Revenue jumped 33 per cent to 14.85 billion yuan (HK$18.8 billion) as Geely sold 263,544 units in the first half, an increase of 19 ...

  2. Comment - Blogs

    Cars: BAIC IPO, Geely goes electric

    Posted Feb 04th 2013, 12:50pm by Doug Young

    ... Doug Young Daimler's investment in BAIC indicates the latter may make a long-awaited IPO later this year, while Geely's purchase of bankrupt Managanese Bronze looks like a strategic mistake. News bits from the automobile space indicate the long-awaited IPO by Beijing-based car maker BAIC Motor may finally be coming soon, while the struggling Geely (0175.HK) is chasing ...

  3. Business - Companies

    Geely issues US$300m in notes

    Posted Oct 07th 2014, 01:36pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Mainland car manufacturer Geely Automobile is issuing US$300 million in senior notes on the Hong Kong stock exchange. It had applied to the stock exchange for permission to list and deal in the notes, due 2019, Geely said on Tuesday, and expected to receive permission the same day. The notes will bear interest at the rate of 5.25 per cent a year, payable ...

  4. Business - Companies - FUNDRAISING

    Geely to raise US$300m through bonds

    Posted Sep 25th 2014, 09:23am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Geely Automobile Holdings plans to raise US$300 million by issuing a five-year corporate bond to refinance debt and fund business expansion. The notes ... Geely in October 2017 at 2.63 per cent above the principal value, or in October 2018 or after at a premium of 1.31 per cent. Citi, Deutsche Bank and JP Morgan are the deal’s joint global ...

  5. Beijing Auto sets sales goal of 1.05m vehicles

    Posted Feb 11th 2009, 12:00am by Kandy Wong

    ... such as Anhui-based Chery Automobile and Zhejiang-based Geely Automobile Holdings, last year fell short of their original targets. Analysts said that to meet sales targets, carmakers cut prices throughout ...

  6. Geely Group eyes carmaker stake

    Posted Jan 12th 2005, 12:00am by Eric Ng

    ... Eric Ng Geely Automobile Holdings has confirmed Geely Group's intention to take a majority stake in the compact-car maker, but denied any plans to take complete ownership of it. The confirmation is in line with Geely Group's long-term goal to complete its 'back-door' listing through gradual asset injections into Hong Kong-listed Geely Automobile, which has been ...

  7. Business - Companies - EARNINGS

    Geely cuts annual sales target after 20.4pc fall in first-half earnings

    Posted Aug 20th 2014, 02:44pm by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com First-half income drops 20.4pc at mainland carmaker as demand falls for domestic brands Geely Auto cutssales target afterdecline in profit Geely Automobile Holdings lowered its full-year sales target after reporting its first-half earnings fell by more than a fifth amid weakening demand for home-grown brands and rising competition ...

  8. Business - China Business

    Geely chief urges Beijing to open car market

    Posted Aug 19th 2014, 01:27am by BLOOM

    ... Geely Automobile Holdings. "This is fair to us, it's fair to everyone. It would completely allow the role of the market and perhaps we will develop better." Li, set to unveil the first new Volvo developed jointly with Geely next week, has previously called on the government to give foreign carmakers more control over their operations to quicken competition. The China ...

  9. Business - Companies - CARS

    Geely purchases London taxi maker Manganese Bronze for £11m

    Posted Feb 02nd 2013, 12:00am by Anita Lam

    ... Anita Lam Anita.lam@scmp.com Mainland car firm already owned 20pc of iconic but debt-laden British black cab manufacturer Geely purchases London taxi maker for £11m Mainland carmaker Zhejiang Geely is to buy out the assets and goodwill of the debt-laden manufacturer of London taxis, Manganese Bronze for £11.04 million. As Geely will take over the servicing of all the taxi ...

  10. Business - China Business - CARS

    Zhejiang Geely bids for Manganese Bronze

    Posted Dec 22nd 2012, 12:00am by Bloomberg

    ... Bloomberg in Beijing Zhejiang Geely offers to buy Manganese Bronze Zhejiang Geely Holding Group has submitted a bid to buy Manganese Bronze Holdings the maker of London's black taxis that is under creditor protection, two people familiar with the matter said. Zhejiang Geely, which owns Swedish carmaker Volvo Cars, is offering to buy 80.03 per cent of Manganese Bronze, one ...




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