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Dongfeng Motor Group Co ( (HK:0489) ) just unveiled an announcement.
Dongfeng Motor Corporation and its affiliate Dongfeng Motor Group (Wuhan) Investment Company Limited have launched a conditional privatisation of Dongfeng Motor Group Company Limited by way of a merger by absorption. As part of the wider transaction, the company also plans to distribute shares in its electric vehicle unit VOYAH to shareholders.
Following shareholder approvals and satisfaction of the relevant conditions, Dongfeng Motor Group has obtained approval from the Hong Kong Stock Exchange to withdraw the listing of its H shares, effective from 4:00 p.m. on 18 March 2026. The move will result in the company ceasing to trade in Hong Kong and marks a significant restructuring of its capital market presence, with an expected timetable set for the remaining steps of the proposed transactions.
The most recent analyst rating on (HK:0489) stock is a Buy with a HK$11.24 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 joint stock company incorporated in the People’s Republic of China and part of the state-owned Dongfeng Motor Corporation. The group operates in the automotive industry, focusing on the manufacture and sale of vehicles and related businesses, with its H shares previously listed on the Hong Kong Stock Exchange.
Average Trading Volume: 17,308,360
Technical Sentiment Signal: Buy
Current Market Cap: HK$78.73B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.