Geely Auto plans to spend HK$2.3 billion to repurchase shares

Geely Auto has announced a share repurchase program worth up to HK$2.3 billion, subject to approval from the Hong Kong Stock Exchange. Upon completion of the repurchase, the shares will be cancelled, and the company will not issue new shares within 30 days of the repurchase. The repurchase will be funded from Geely Auto's existing capital and cash reserves.