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An announcement from Dongfeng Motor Group Co ( (HK:0489) ) is now available.
Dongfeng Motor Group Co has announced a proposed pre-conditional privatization through a merger by absorption, alongside a proposed distribution of VOYAH shares. Additionally, the company plans to withdraw its listing and introduce VOYAH H shares to the Main Board of the Hong Kong Stock Exchange. This strategic move aims to streamline operations and potentially enhance market positioning by focusing on the VOYAH brand, which could have significant implications for stakeholders and investors.
The most recent analyst rating on (HK:0489) stock is a Hold with a HK$10.50 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 company based in the People’s Republic of China, primarily involved in the automotive industry. It focuses on manufacturing and distributing motor vehicles and related components.
Average Trading Volume: 61,987,253
Technical Sentiment Signal: Buy
Current Market Cap: HK$74.27B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.