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An announcement from Dongfeng Motor Group Co ( (HK:0489) ) is now available.
Dongfeng Motor Group Co. announced the sale of its 50% equity interest in Dongfeng Honda Engine to GHAC for approximately RMB1,172 million. This transaction, conducted through a public listing and tender process, is considered a connected transaction under the Listing Rules, impacting the company’s equity structure but exempt from requiring shareholders’ approval.
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 Co. is a prominent player in the automotive industry, primarily engaged in manufacturing and selling motor vehicles and engines. The company focuses on producing a wide range of vehicles, including passenger cars and commercial vehicles, with a strong market presence in China.
Average Trading Volume: 43,389,956
Technical Sentiment Signal: Buy
Current Market Cap: HK$78.32B
See more insights into 0489 stock on TipRanks’ Stock Analysis page.