HK Stock Market Move | HONBRIDGE(08137) surged more than 20% at the end of the day, Geely is promoting internal synergy integration, and there have been major changes in the company's senior management recently.

HONBRIDGE (08137) rose by over 20% in the final trading session, and as of the time of writing, it had risen by 18.37% to HKD 0.58, with a turnover of HKD 453.62 million. On the news front, Geely Holdings released the "Taizhou Declaration" in September this year, announcing that the company is entering a new stage of strategic transformation. It is reported that Geely Holdings will transfer its 11.3% stake in Geely Auto to Geely Auto. After the completion of the transaction, Geely Auto's stake in Geely will increase to about 62.8%. In addition, Geely will acquire 51% of the shares of Lynk & Co from Geely Holdings and Volvo Cars. It is worth noting that in January 2023, Geely Group completed the acquisition of 68.86% of HONBRIDGE's shares. On October 13, 2024, there was a significant change in the senior management of HONBRIDGE. Xu Zhihao was appointed as Executive Director, Chairman of the Board, and CEO, while Xu Bing, Chen Shengjie, and Gu Wenting were also appointed as Executive Directors. It is reported that Xu Zhihao has been working at Geely Holdings since 2017, with rich management experience, and holding 220 million shares, accounting for approximately 2.25% of the company's issued shares.