BUZZ-HK-listed Geely rises most in over 4 weeks on EV brand Zeekr fundraising cheer

** Shares of Geely Automobile Holdings Ltd rise 6% to HK$27.35, the biggest daily percentage gain since July 29

** Stock hits the highest since Aug. 19; the second biggest percentage gainer on both the Hang Seng China Enterprises Index

and the Hang Seng Index

** Zeekr, the electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel Capital , battery maker CATL

and online entertainment firm Bilibili

** Zeekr is jointly owned by Geely Automobile and its parent Zhejiang Geely Holding Group

** Brokerage Daiwa says the deal implies a 58 bln yuan valuation at the pre-A financing round and it sees the high valuation as positive for investor sentiment on Geely

** Zeekr will likely introduce other investors and attract an even higher valuation in the future - Daiwa

** The Hong Kong Hang Seng Commerce & Industry Index rises 1.1%, and the Hang Seng Composite Index climbs 0.4%

** The Hang Seng China Enterprises Index and the benchmark index both gain 0.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))