Dongfeng Motor Group Updates on Privatisation Plan and VOYAH Share Distribution

Dongfeng Motor Group Co ( (HK:0489) ) has shared an announcement.

Dongfeng Motor Group Company Limited has provided a monthly progress update on its proposed pre-conditional privatisation by Dongfeng Motor Group (Wuhan) Investment Company Limited via a merger by absorption, alongside a planned distribution of its shareholding in VOYAH and the subsequent withdrawal of its Hong Kong listing. The transactions remain subject to multiple regulatory and corporate approvals, including clearances from China’s NDRC, MOFCOM and SAFE, approval from VOYAH shareholders for the share distribution and listing by introduction, and filing and approval-in-principle from the CSRC and the Hong Kong Stock Exchange for VOYAH’s listing by introduction. These steps, once completed, would significantly reshape Dongfeng Motor Group’s capital structure and market presence, delisting it from Hong Kong while separately listing VOYAH, with implications for existing shareholders’ liquidity and exposure to the group’s new energy vehicle assets.

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 PRC-based automotive manufacturer and subsidiary of Dongfeng Motor Corporation, engaged in the production and sale of passenger and commercial vehicles and related automotive businesses. The group is listed in Hong Kong and has been broadening its presence in new energy vehicles through brands such as VOYAH, targeting both domestic and international markets.

YTD Price Performance: 133.87%

Average Trading Volume: 18,351,796

Technical Sentiment Signal: Buy

Current Market Cap: HK$71.8B

See more data about 0489 stock on TipRanks’ Stock Analysis page.