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The latest announcement is out from Dongfeng Motor Group Co ( (HK:0489) ).
Dongfeng Motor Group Company Limited has renewed a series of continuing connected transaction agreements with its controlling shareholder Dongfeng Motor Corporation, covering logistics services, automobile inspection and technology consultancy, asset leasing, and financial services arrangements within the group. These renewed master agreements, alongside a new vehicle sales agreement with a connected overseas distribution partner, formalise ongoing intra-group and affiliated-party cooperation while remaining below the thresholds that would require shareholder approval, signalling stable operational support, coordinated overseas expansion and continued regulatory compliance in related-party dealings for the automaker and its stakeholders.
The most recent analyst rating on (HK:0489) stock is a Hold with a HK$9.50 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 Company Limited is a major Chinese automotive manufacturer based in the People’s Republic of China, focusing on the production and sale of vehicles, parts and related services. Listed in Hong Kong, the group operates through a wide network of subsidiaries and joint ventures, with a strong presence in both domestic and export markets and close operational ties to its controlling shareholder, Dongfeng Motor Corporation (DFM).
Average Trading Volume: 18,110,770
Technical Sentiment Signal: Buy
Current Market Cap: HK$72.29B
Find detailed analytics on 0489 stock on TipRanks’ Stock Analysis page.