Source: Tech – South China Morning PostDongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its electric vehicle (EV) subsidiary as part of a transition towards electrification.
The company – based in Wuhan, the capital of central Hubei province – is offering shareholders HK$6.68 (US$0.85) per share, valuing the listed unit at HK$55.1 billion, according to a filing with the Hong Kong stock exchange late on Friday.
The offer represents an 11.9 per cent premium over the closing…Read More