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Dongfeng Motor Group Co ( (HK:0489) ) has issued an announcement.
Dongfeng Motor Group Co has announced a series of strategic transactions, including a proposed pre-conditional privatization by merger with Dongfeng Motor Group (Wuhan) Investment Company Limited, the distribution of VOYAH shares to existing shareholders, and the withdrawal of its listing from the Stock Exchange. These transactions are inter-conditional and aim to provide H shareholders with VOYAH shares and a cash consideration, potentially enhancing shareholder value and streamlining the company’s market presence.
The most recent analyst rating on (HK:0489) stock is a Hold with a HK$5.50 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 automotive company based in the People’s Republic of China, primarily engaged in the manufacturing and distribution of motor vehicles and related components. The company focuses on producing a wide range of vehicles, including passenger cars, commercial vehicles, and new energy vehicles, catering to both domestic and international markets.
Average Trading Volume: 63,535,445
Technical Sentiment Signal: Buy
Current Market Cap: HK$49.27B
See more insights into 0489 stock on TipRanks’ Stock Analysis page.