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DONGFENG GROUP Leapfrogs 24%+; Controlling Shareholder Planning Restructuring
Recommend 6 Positive 12 Negative 1 |
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DONGFENG GROUP (00489.HK) opened 14.86% higher today, peaking at $6. It last stood at $4.02, up 24.46%, with 125 million shares traded, involving $533 million. The Group announced last Sunday (9th) that its controlling shareholder, Dongfeng Motor Corporation (DFM), that DFM is planning a restructuring with other central state-owned enterprise group. The Restructuring may lead to a change in the Company's controlling shareholder, but will not result in a change to the actual controller. The Restructuring is not expected to materially impact the Company's normal production and operational activities. AAStocks Financial News |
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