Aston Martin Appoints Geely CEO Daniel Li as Nonexecutive Director
July 28 2023 - 4:10AM
Dow Jones News
By Ian Walker
Aston Martin Lagonda Global Holdings said Friday that Daniel Li,
Geely's nominated shareholder representative, has been appointed as
a nonexecutive director of the board as per the agreement between
the two in May.
On May 18 the U.K. luxury-car maker said that Geely Automobile
Holdings will invest around 234 million pounds ($299.4 million),
becoming its third-largest shareholder, and that Geely had the
right to appoint a nonexecutive director to the board.
Under the deal Geely bought 42 million Aston Martin shares from
the Yew Tree consortium, taking its shareholding in the company to
around 17% of its issued share capital.
Li is chief executive officer of Geely Holding Group.
Shares at 0732 GMT were up 8.80 pence, or 2.4%, at 381.0
pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 28, 2023 03:55 ET (07:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Geely Automobile (PK) (USOTC:GELYY)
Historical Stock Chart
From Apr 2024 to May 2024
Geely Automobile (PK) (USOTC:GELYY)
Historical Stock Chart
From May 2023 to May 2024
