Zeekr's Market Performance Soars

In a significant market movement, shares of Zeekr Intelligent Technology Holding Limited experienced a remarkable surge of over 10% in premarket trading. This surge came as a direct response to a privatization offer from its parent company, Geely Automobile Holdings Ltd.

The Offer Details

Geely has put forward a non-binding offer letter to Zeekr, aiming to acquire all issued and outstanding shares. The proposal includes a price of $2.57 per share for Zeekr shares and $25.66 per share for American Depositary Shares (ADS).

Market Reaction

Following the announcement, Zeekr's shares climbed by 10.09% at 4:53 am ET, reaching $24.87 per share, showcasing the market's positive reception to Geely's offer.