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The latest announcement is out from Dongfeng Motor Group Co ( (HK:0489) ).
Dongfeng Motor Group Co has announced a proposed pre-conditional privatization by Dongfeng Motor Group (Wuhan) Investment Company Limited through a merger by absorption. This includes the distribution of VOYAH shares and the proposed withdrawal of the company’s listing. The announcement also details an extension for the dispatch of the Composite Document, which outlines the merger and distribution process. The extension is necessary to fulfill pre-conditions and finalize necessary documentation. Stakeholders are advised that the merger’s effectiveness is contingent upon satisfying certain conditions, and further updates will be provided as the process progresses.
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 prominent company in the automotive industry, primarily engaged in the manufacturing and distribution of motor vehicles. The company operates with a significant market focus in China and is involved in various automotive-related ventures, including the production of electric vehicles through its subsidiary, VOYAH.
Average Trading Volume: 61,718,547
Technical Sentiment Signal: Buy
Current Market Cap: HK$72.54B
Find detailed analytics on 0489 stock on TipRanks’ Stock Analysis page.