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Dongfeng Motor Group Co ( (HK:0489) ) has shared an announcement.
Dongfeng Motor Group Co., Ltd. has announced a proposed pre-conditional privatization by Dongfeng Motor Group (Wuhan) Investment Company Limited through a merger by absorption. The company also plans to distribute VOYAH shares and withdraw its listing. While progress has been made in fulfilling the merger pre-conditions, certain regulatory approvals are still pending, which could impact the timeline and execution of these strategic transactions.
The most recent analyst rating on (HK:0489) stock is a Hold with a HK$9.50 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 Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the automotive industry. It is primarily engaged in the manufacturing and distribution of motor vehicles and related products.
Average Trading Volume: 23,641,065
Technical Sentiment Signal: Buy
Current Market Cap: HK$75.68B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.