Employees wearing protective masks assemble Lynk & Co. 05 crossover sport utility vehicles (SUV) on the production line at the Geely Automobile Holdings Ltd. plant in Ningbo, Zhejiang Province, China, on Tuesday, April 28, 2020. Photographer: Qilai Shen/Bloomberg
BEIJING/SHANGHAI: Geely Automobile Holdings Ltd said its board has approved a preliminary proposal to list new renminbi shares on mainland China's Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday.
The Zhejiang-based automaker is currently listed on the Hong Kong Stock Exchange with a market capitalisation that exceeded HK$120 billion ($15.48 billion) in morning trade.
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