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Dongfeng Motor Group Co ( (HK:0489) ) has shared an update.
Dongfeng Motor Group Company Limited and its parent Dongfeng Motor Corporation have announced partial fulfillment of pre-conditions for a proposed privatisation of Dongfeng Motor Group by Dongfeng Motor Group (Wuhan) Investment Company Limited via a merger by absorption, alongside a planned distribution of VOYAH shares to shareholders and a proposed withdrawal of Dongfeng Motor Group’s Hong Kong listing. The companies confirmed progress on regulatory and shareholder approvals required for the merger and VOYAH’s listing by introduction, marking a key step toward restructuring the group’s capital and listing structure, which could reshape investor exposure to Dongfeng’s core automotive operations and its VOYAH electric vehicle business.
The most recent analyst rating on (HK:0489) stock is a Buy with a HK$11.24 price target. To see the full list of analyst forecasts on Dongfeng Motor Group Co stock, see the HK:0489 Stock Forecast page.
More about Dongfeng Motor Group Co
Dongfeng Motor Group Company Limited is a major Chinese automotive manufacturer listed in Hong Kong, operating within the broader Dongfeng Motor Corporation group. The company focuses on the production and sale of passenger and commercial vehicles and related automotive businesses, and holds a stake in VOYAH, its new energy vehicle unit, which is being positioned for separate listing by introduction.
Average Trading Volume: 16,386,581
Technical Sentiment Signal: Buy
Current Market Cap: HK$75.51B
See more data about 0489 stock on TipRanks’ Stock Analysis page.