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Dongfeng Motor Group Co ( (HK:0489) ) has provided an update.
Dongfeng Motor Group Co., Ltd. has announced a potential change in its controlling shareholder due to a planned restructuring by its current controlling shareholder, Dongfeng Motor Corporation, with another central state-owned enterprise group. The restructuring is not expected to impact the company’s normal operations. The company emphasizes timely information disclosure and advises investors to exercise caution due to the uncertainties of the restructuring plan.
More about Dongfeng Motor Group Co
Dongfeng Motor Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company is primarily engaged in the manufacturing and sale of motor vehicles and related automotive products, serving various markets in China and internationally.
YTD Price Performance: -10.0%
Average Trading Volume: 10,838
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.42B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.
