Dongfeng Motor Group Proposes H Share Repurchase Mandate

An update from Dongfeng Motor Group Co ( (HK:0489) ) is now available.

Dongfeng Motor Group Co., Ltd. has announced a class meeting for its H Shareholders to discuss and potentially approve a special resolution granting the Board a mandate to repurchase up to 127,420,000 H shares, which is approximately 5.1% of the company’s H shares in issue. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its proactive approach in responding to market conditions and operational needs.

The most recent analyst rating on (HK:0489) stock is a Buy with a HK$6.00 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., Ltd. is a major automotive company based in China, primarily engaged in the manufacture and sale of commercial vehicles, passenger vehicles, and automotive parts. The company focuses on both domestic and international markets, leveraging its extensive production capabilities and technological expertise.

Average Trading Volume: 51,108,535

Technical Sentiment Signal: Buy

Current Market Cap: HK$33.92B

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