Morgan Stanley: Geely's privatization of ZEEKR has more questions to be answered
Geely (00175.HK) previously proposed to privatize ZEEKR (ZK.US) at a price of USD 25.66 per American Depositary Receipt (ADR). Morgan Stanley's research report indicated that although Geely has articulated the reasons behind the ZEEKR privatization proposal, investors still have questions regarding the timing of the privatization, the process, the metrics for measuring synergies, and how to view Geely's other listed subsidiaries and potential future spin-off plans. The firm has a rating of "Overweight" on the company, with a target price of HKD 21
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