· China Geely promotes Volvo Cars to be listed in Sweden and Hong Kong

Sweden's "Industrial Daily" reported on May 10 that China Geely Group is actively preparing to promote Volvo's listing in Hong Kong and Sweden this fall, with a valuation between $16 billion and $30 billion. Geely has chosen Citigroup, Goldman Sachs and Morgan Stanley to coach the IPO. Geely and Volvo Cars held a meeting this month in Sweden and Hong Kong, China to discuss listings in the two places.

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