Geely shares surge 12pc after reports of majority stake in Denmark’s Saxo Bank

Chinese carmaker Zhejiang Geely Holding Group saw its shares surge more than 10 per cent in Hong Kong afternoon trading on Tuesday after the company increased its stake in Denmark’ Saxo Bank to above 50 per cent. Shares of the company, one of China’s largest carmakers, jumped 12.3 per cent in afternoon trading in Hong Kong to HK$24.70 from HK$22 last Friday, after Reuters …

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