China's Geely says it has not sold Daimler shares, denies Bloomberg report - Business News - News Summed Up

China's Geely says it has not sold Daimler shares, denies Bloomberg report - Business News


BEIJING/SHANGHAI: China's Geely Group said it has not sold any shares in Daimler AG , denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half. "As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged," a Hangzhou-based spokesman for Geely told Reuters on Friday.


Source: The Star January 11, 2019 08:27 UTC



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