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An update from Dongfeng Motor Group Co ( (HK:0489) ) is now available.
Dongfeng Motor Group Company Limited has announced a proposed pre-conditional privatization by Dongfeng Motor Group (Wuhan) Investment Company Limited through a merger by absorption. Additionally, the company plans to distribute VOYAH shares and withdraw its listing. Altus Capital Limited has been appointed as the Independent Financial Adviser to guide the Independent Board Committee on these matters. The effectiveness of the merger and distribution is contingent upon satisfying various conditions, including approvals from relevant authorities.
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 Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company is involved in the production and distribution of motor vehicles and related components, focusing on the Chinese market.
Average Trading Volume: 64,854,512
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.61B
For a thorough assessment of 0489 stock, go to TipRanks’ Stock Analysis page.