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Dongfeng Motor Group Co ( (HK:0489) ) has issued an update.
Dongfeng Motor Group Co has announced the proposed pre-conditional privatization of the company by Dongfeng Motor Group (Wuhan) Investment Company Limited through a merger by absorption. The announcement also includes the proposed distribution of VOYAH shares and the withdrawal of the company’s listing. The company has successfully obtained the requisite approval from VOYAH shareholders, fulfilling one of the key pre-conditions for the merger. However, other regulatory approvals are still pending, and the company is actively working towards completing the necessary filings and registrations.
The most recent analyst rating on (HK:0489) stock is a Hold with a HK$10.50 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 is a major player in the automotive industry, primarily engaged in the manufacturing and distribution of motor vehicles and related components. The company operates in the People’s Republic of China and focuses on producing a wide range of automobiles, including passenger vehicles and commercial vehicles.
Average Trading Volume: 64,176,342
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.61B
See more data about 0489 stock on TipRanks’ Stock Analysis page.