The emblem of the Geely automobile maker logo is seen at the IEEV New Energy Vehicles Exhibition in Beijing, China.
Beijing/Shanghai: Zhejiang Geely Holding Group said on Friday that the company has not sold any shares in German carmaker Daimler AG (DAIGn.DE), denying a Bloomberg report which said the Chinese firm had cut its 9.7 percent stake by more than half.
“As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged,” a Hangzhou-based spokesman for Geely told Reuters.
Bloomberg reported bloom.bg/2ChAz68 that Chinese billionaire Li Shufu's Geely had cut its Daimler stake on Friday, citing people familiar with the matter.
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