Summary by Moomoo AI
Dongfeng Group Co., Ltd. (the “Dongfeng Group”) issued a voluntary announcement on 19 April 2024, announcing that its controlling shareholder Fengfeng Motor Group Limited had acquired 5,850,000 shares of H shares through the Hong Kong Stock Exchange at an average price of HK$2.79. After this increase, the shareholding of Dongfeng Automobile Group Limited rose to 73.47%, with internal equity accounting for 69.56% and H shares of 3.91%. Dongfeng Motor Company said the move reflects confidence in Dongfeng Group's prospects and recognition of its long-term investment value, and may increase H shares in due course depending on market conditions. Dongfeng Group will continue to monitor the growth of its controlling shareholders and disclose relevant information in a timely manner. The announcement also reminds shareholders and potential investors that Dongfeng Motor Corporation's growth plans will be subject to market conditions and have final decisions. Investors should exercise caution when buying and selling stocks.