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Dongfeng Motor Group Co ( (HK:0489) ) has shared an update.
Dongfeng Motor Group Co has announced a proposed pre-conditional privatization by way of a merger by absorption, along with the distribution of VOYAH shares and the withdrawal of its listing. The company is working on fulfilling the necessary pre-conditions for these transactions, with some approvals already obtained, while others are still pending. This move is expected to impact the company’s market positioning and stakeholder interests significantly.
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 Co is a major automotive company based in the People’s Republic of China. It operates in the automotive industry, focusing on the manufacturing and distribution of motor vehicles and related products.
Average Trading Volume: 42,754,189
Technical Sentiment Signal: Buy
Current Market Cap: HK$78.81B
See more insights into 0489 stock on TipRanks’ Stock Analysis page.