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| Name | Symbol | Market | Type |
|---|---|---|---|
| Geely Automobile Holding Ltd (PK) | USOTC:GELYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.883 | 2.45% | 36.923 | 36.22 | 37.75 | 37.265 | 36.40 | 36.40 | 11,582 | 22:00:02 |
From Jan 2023 to Jan 2025
By Ian Walker
Aston Martin Lagonda Global Holdings said Friday that Daniel Li, Geely's nominated shareholder representative, has been appointed as a nonexecutive director of the board as per the agreement between the two in May.
On May 18 the U.K. luxury-car maker said that Geely Automobile Holdings will invest around 234 million pounds ($299.4 million), becoming its third-largest shareholder, and that Geely had the right to appoint a nonexecutive director to the board.
Under the deal Geely bought 42 million Aston Martin shares from the Yew Tree consortium, taking its shareholding in the company to around 17% of its issued share capital.
Li is chief executive officer of Geely Holding Group.
Shares at 0732 GMT were up 8.80 pence, or 2.4%, at 381.0 pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 28, 2023 03:55 ET (07:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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