Dongfeng Motor Shares Surge on Restructuring News
Shares of Dongfeng Motor Group Co., Ltd. (0489.HK) experienced a significant surge of up to 85.8% on Monday in Hong Kong trading. This rise followed the announcement by the Chinese automaker of a potential restructuring that could result in a change in the company's controlling shareholder structure.
Upon market opening, Dongfeng Motor's stock soared to HK$6 per share. The company disclosed plans for a restructuring with another central state-owned enterprise group, potentially leading to an alteration in its controlling shareholder structure. However, the statement emphasized that this move "would not result in a change to the actual controller."
The restructuring news has garnered considerable attention and remains a key factor influencing Dongfeng Motor's stock performance.