Dongfeng Motor Corporation's capital restructuring plan has been approved

2026-03-11 03:06:23

Abstract generation in progress

Beijing News Shell Finance Report (Reporter Wang Linlin) — On March 9, Dongfeng Motor Corporation announced that its privatization and the listing of Lantu Auto through the introduction method on the Hong Kong Stock Exchange were approved by high votes at the company’s extraordinary general meeting and H-share shareholder meeting. The approval of this plan marks the official move into the implementation stage of Dongfeng’s “privatization + high-quality new energy assets spin-off and listing” capital operation.

Dongfeng’s transaction adopts a combined model of “equity distribution + absorption merger,” achieving resource optimization through “restructuring and attracting talent.” After the transaction, Dongfeng Group will delist from the Hong Kong Stock Exchange and cancel its legal entity status, with Dongfeng Company holding 100% state ownership; meanwhile, Lantu Auto will complete its introduction listing on the Hong Kong Stock Exchange through equity distribution, becoming an independent high-end new energy vehicle entity listed on the international capital market.

Lantu Auto is expected to list on the Hong Kong Stock Exchange on March 19, with stock code 7489. This listing will be conducted through an introduction, with no new shares issued and no immediate fundraising. After listing, Lantu Auto will leverage the resource allocation functions of the capital market to further expand financing channels, supporting core technology R&D, capacity optimization, and global market expansion; additionally, utilizing the international platform of Hong Kong stocks, Lantu Auto will further enhance its brand international influence.

Dongfeng stated that as the plan is implemented, the group will focus on its core new energy vehicle business under a new structure with 100% state control, while Lantu Auto will accelerate development as an independent capital market entity. The two will work together to form a synergistic development pattern, further strengthening Dongfeng’s core competitiveness in the new energy vehicle field.

Editor: Yue Caizhou

Proofreader: Liu Baoqing

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.