FRANKFURT, Feb 24 (Reuters) - China's Zhejiang Geely Holding
does not plan to buy more Daimler shares
"for the time being," it said on Saturday, after its chairman Li
Shufu disclosed he had a 9.69 percent stake in the German
"Daimler is an outstanding company with a first-class
management. It will be an honour to support this unique team
under the leadership of Dieter Zetsche in the future,” Li Shufu,
chairman and owner of Zhejiang Geely Holding Group and Geely
Group said in a statement.
For the time being neither Geely Group nor any other company
in the Zhejiang Geely Holding Group intend to acquire additional
shares, Geely said.
“I will fully abide by the company charter and governance
structure of Daimler and respect its values and culture,” Li
said in the statement.
(Reporting by Edward Taylor; Editing by Mark Potter)
First Published: 2018-02-24 08:26:03
Updated 2018-02-24 09:52:07
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