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Dongfeng Motor Group Co ( (HK:0489) ) has shared an announcement.
Dongfeng Motor Group Co. announced the formation of a joint venture with NCIC, a subsidiary of Nissan, to engage in the automotive export business. The joint venture will have a registered capital of RMB1 billion, with Dongfeng contributing 40% and NCIC 60%. This strategic move aims to strengthen Dongfeng’s position in the global automotive market, although it constitutes a connected transaction under Hong Kong’s Listing Rules, requiring specific regulatory compliance.
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 joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company focuses on manufacturing and exporting vehicles, leveraging partnerships with major global automotive brands.
Average Trading Volume: 50,207,618
Technical Sentiment Signal: Sell
Current Market Cap: HK$28.14B
Learn more about 0489 stock on TipRanks’ Stock Analysis page.