GEELY AUTO (00175.HK) 0.000 (0.000%) Short selling $43.92M; Ratio 10.727% spun off ZEEKR Intelligent Technology Holding Limited (ZK.US) for listing in the US at a listing price of US$21 per ADS.
In giving due regard to the interests of shareholders, the Board of ZEEKR resolved to declare a special dividend of a total of approx. $75.21 million today (16th).
On the basis that qualifying shareholders will receive one ZEEKR's ADS for every 22,000 GEELY AUTO shares (22 lots) held by them, qualifying shareholders may elect to receive the Distribution ADS to which he/she/it is entitled, or, in lieu of such Distribution ADS, a cash payment of approx. $164.43 for every whole multiple of 22 lots, and a cash payment of $7.474 for every whole multiple of 1,000 shares of such number of shares held in excess of 22 lots.
As a cash payment less than $44.844 will not be distributed and will accrue to the Company, a shareholder who holds less than 6 board lots of GEELY AUTO will not receive any cash payments.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
