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Dongfeng Motor Group Co ( (HK:0489) ) just unveiled an announcement.
Dongfeng Motor Group Co., Ltd. announced the formation of a joint venture with DFL, Xiangyang Holding, and Xianggao Investment, with a total registered capital of RMB8.47 billion. Dongfeng and DFL will contribute RMB3.55 billion and RMB920 million, respectively, while Xiangyang Holding and Xianggao Investment will contribute RMB2.88 billion and RMB1.12 billion. This strategic move is expected to enhance Dongfeng’s market position and operational capabilities in the automotive sector.
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., Ltd. is a leading automotive company in China, primarily engaged in the manufacture and sale of commercial vehicles, passenger vehicles, and automotive parts. The company focuses on the domestic Chinese market and has a significant presence in the automotive industry.
Average Trading Volume: 66,263,066
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.53B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.