GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News Geely Acquires 7.6% Shareholding in Aston Martin Geely Acquires 7.6% Shareholding in Aston Martin Auto News Sep Irran Halid | October 03, 2022 04:32 pm Geely Holding aka Zhejian Geely Holding Group has finally acquired a stake in Aston Martin or Aston Martin Lagonda Global Holdings plc. They've been at it for quite some time with the idea to fully acquire the iconic brand under its wings, but finally settled for 7.6% of the ordinary share capital. That's still a lot for the 'ultra-luxury British performance brand'. Geely to "Engage & collaborate with Aston Martin" According to Daniel Donghui Li, CEO of Geely Holding Group, "We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success." "We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability," added Daniel in the very brief press release. Geely tried to 'buy' Aston Martin for RM6.7 billion Aston Martin has been on Geely's radar for quite some time ever since the company's initial public offering back in 2018. Geely made its offer but was later rejected in favour of Lawrence Stroll's pitch to re-enter Formula 1 and bring the fight into the top motorsports race. Geely made another offer again in July with a purse of around RM6.7 billion but was later rejected again by Aston Martin. In the end, they settled with 7.6% of the stake, but the price for that piece of pie was never disclosed. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Geely Aston Martin aston martin Geely Aston Martin share Print Sep Irran Halid Content Producer Sep is a firm believer in the saying "Slow is smooth, smooth is fast" rather than "When in doubt, throttle it out". Drive safely, ride defensively, and most importantly, don't get hangry. Related News Geely invests RM1.3 billion in Aston Martin, shares jumped 25% Auto News Sep Irran Halid | May 22, 2023 Aston Martin's stock got one heck of a 25% jump following Geely's latest investment which resulted in Geely becoming the brand's third-largest ... Aston Martin To Preserve Classics Using EV Powertrain Conversion Auto News Gokul | December 05, 2018 With interest in classic cars growing every year and values of heritage models at an all-time high, Aston Martin has come up with a strategy to ... The Aston Martin Vulcan Is 800 HP Of Track-Only Madness Auto News Gerard | June 26, 2015 In recent weeks, various car makers have been releasing track-only supercars with Ferrari kicking things off by introducing its FXX K. And not too ... Aston Martin’s Vulcan meets The Vulcan Live Life Drive Daniel Wong | October 14, 2015 Rather than being named after the Roman god of fire and being British, Aston Martin’s stunning 800hp track-only car takes its name after the ... Comments
Geely Acquires 7.6% Shareholding in Aston Martin Auto News Sep Irran Halid | October 03, 2022 04:32 pm Geely Holding aka Zhejian Geely Holding Group has finally acquired a stake in Aston Martin or Aston Martin Lagonda Global Holdings plc. They've been at it for quite some time with the idea to fully acquire the iconic brand under its wings, but finally settled for 7.6% of the ordinary share capital. That's still a lot for the 'ultra-luxury British performance brand'. Geely to "Engage & collaborate with Aston Martin" According to Daniel Donghui Li, CEO of Geely Holding Group, "We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success." "We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability," added Daniel in the very brief press release. Geely tried to 'buy' Aston Martin for RM6.7 billion Aston Martin has been on Geely's radar for quite some time ever since the company's initial public offering back in 2018. Geely made its offer but was later rejected in favour of Lawrence Stroll's pitch to re-enter Formula 1 and bring the fight into the top motorsports race. Geely made another offer again in July with a purse of around RM6.7 billion but was later rejected again by Aston Martin. In the end, they settled with 7.6% of the stake, but the price for that piece of pie was never disclosed. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Geely Aston Martin aston martin Geely Aston Martin share
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Geely invests RM1.3 billion in Aston Martin, shares jumped 25% Auto News Sep Irran Halid | May 22, 2023 Aston Martin's stock got one heck of a 25% jump following Geely's latest investment which resulted in Geely becoming the brand's third-largest ...
Aston Martin To Preserve Classics Using EV Powertrain Conversion Auto News Gokul | December 05, 2018 With interest in classic cars growing every year and values of heritage models at an all-time high, Aston Martin has come up with a strategy to ...
The Aston Martin Vulcan Is 800 HP Of Track-Only Madness Auto News Gerard | June 26, 2015 In recent weeks, various car makers have been releasing track-only supercars with Ferrari kicking things off by introducing its FXX K. And not too ...
Aston Martin’s Vulcan meets The Vulcan Live Life Drive Daniel Wong | October 14, 2015 Rather than being named after the Roman god of fire and being British, Aston Martin’s stunning 800hp track-only car takes its name after the ...