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Geely Auto Invited to Buy 20 Million New Manganese Bronze Shares

May 18 (Bloomberg) -- Geely Automobile Holdings Ltd. said today that it was invited to subscribe for 20 million new shares in Manganese Bronze Holdings PLC, taking its stake in the London-taxi builder to 51.7 percent from 19.97 percent.

Geely will either need to make an offer for all of Manganese Bronze’s shares or obtain a waiver and approval of the British company’s stockholders, according to Geely’s Hong Kong stock exchange filing. Geely said it’s assessing the potential subscription.

Link to Statement:{NSN L2MCHI3PR6RL <GO>}

Link to Company News:{175 HK <Equity> CN <GO>} Link to Company News:{MNGS LN <Equity> CN <GO>}

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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