China Business News: Chairman Li Shufu raises stake in Geely to 50.13%

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Chairman Li Shufu raises stake in Geely to 50.13%

Jul. 13, 2009 (China Knowledge) - Li Shufu, chairman of Geely Automobile Holdings<0175>, recently raised his shareholding in Geely to 50.13% from the previous 50.01%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. Information from HKEx showed that Li bought 7.95 million H-shares of Geely on Jul. 8 for HK$11.13 million. The average share price of the tr

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