Dongfeng Unit Lifts Stake in Voyah, Controlling Shareholders Now Hold Nearly 70%

The latest announcement is out from Voyah Automotive Technology Co Ltd Class H ( (HK:7489) ).

Voyah Automotive Technology announced that Dongfeng Motor (Hong Kong) International, a subsidiary of its controlling shareholder Dongfeng Motor Corporation, has increased its stake by 5,469,000 H shares via secondary-market purchases, equal to about 0.15% of total issued shares. Following this move, the controlling shareholder group now holds roughly 69.62% of the company’s issued share capital, reinforcing majority control while the company monitors the ongoing shareholding increase plan and cautions investors about potential market-related risks to its full implementation.

The company stated it will continue to track the execution of the shareholding increase initiative in line with regulatory requirements and will disclose further information in a timely manner. The heightened ownership concentration underscores Dongfeng’s support for Voyah’s long-term development, but the firm warned that unforeseen capital market changes could prevent completion of the planned stake increase, urging shareholders and potential investors to exercise caution when trading its securities.

The most recent analyst rating on (HK:7489) stock is a Buy with a HK$8.10 price target. To see the full list of analyst forecasts on Voyah Automotive Technology Co Ltd Class H stock, see the HK:7489 Stock Forecast page.

More about Voyah Automotive Technology Co Ltd Class H

Voyah Automotive Technology Co., Ltd. is a Chinese automotive manufacturer listed in Hong Kong, operating as part of state-owned Dongfeng Motor Corporation. The company focuses on the automotive sector, with its share capital split between domestic and H-share investors, and maintains a controlling shareholder group led by Dongfeng and affiliated entities.

Average Trading Volume: 17,073,800

Learn more about 7489 stock on TipRanks’ Stock Analysis page.