Geely boosts registered capital to 7.1 billion yuan

• Source: Global Times
• [17:47 March 25 2010]
• Comments

Geely's major operating company for the Volvo deal, Beijing Geely Wanyuan International Investment, has boosted its registered capital to 7.1 billion yuan ($1.04 bln).

Beijing Geely Kaixuan International Investment Corp, another company set up for the same acquisition, will also enlarge its registered capital later, according to media, after inquiring the Beijing Administration for Industry and Commerce.

Media citing anonymity close to the deal said the two sides would most likely sign the agreement in Sweden before March 31.

Agencies and Shi Jierui contributed to this story