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Dongfeng Motor Group Co ( (HK:0489) ) just unveiled an update.
Dongfeng Motor Group Co announced a capital increase agreement involving its subsidiary, VOYAH Automobile, where DFAM will contribute RMB1,000,000,000 to subscribe for additional registered capital. This transaction will adjust the equity interests in VOYAH Automobile, with Dongfeng Motor holding 79.69%, DFAM 3.30%, and other shareholders 17.01%. The move is a connected transaction under the Listing Rules, subject to reporting and announcement requirements, and aims to bolster the financial standing and operational capabilities of VOYAH Automobile, maintaining its status as a consolidated subsidiary.
The most recent analyst rating on (HK:0489) stock is a Buy with a HK$6.00 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 involved in the production and distribution of motor vehicles and related components. The company focuses on the Chinese market and has a significant stake in VOYAH Automobile, a subsidiary that contributes to its automotive operations.
Average Trading Volume: 42,562,246
Technical Sentiment Signal: Hold
Current Market Cap: HK$31.36B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.