On December 17, Geely Automobile issued an announcement that the company had passed the proposal to further increase its stake in Extreme Kr at the special shareholders' meeting held on the same day. According to the proposal, Geely Automobile will acquire 220 million ordinary shares of Extreme Kr from Geely Holding Group, accounting for about 10.34% of the current issued share capital of Extreme Kr.
After the transaction, the proportion of 0175 extreme krypton increased to 58.31%. Based on the valuation of the Krypton Pre-A series, the transaction involved an amount of approximately RMB5.6 billion, and was conducted in the form of part of the shares and part of the cash. In addition, after the closing of the transaction, Li Shufu, chairman of Geely Holding Group, increased his holding of 0175 Geely Automobile by 2%. The industry believes that by further increasing its stake in Extreme Kr, Geely Automobile's minority shareholders may benefit from this.
![Li Shufu is threatening again! Geely's three car companies have been listed in independent IPOs in the United States this year[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)