Summary by Moomoo AI
Dongfeng Motor Group Co., Ltd. (the “Dongfeng Group”) conducted a share raising exercise through HK Stock Exchange on 22 April 2024. The controlling shareholder Fengfeng Motor Group Limited added 4,360,000 shares of H shares at an average price of HK$2.90 per share. Following this increase, Dongfeng Motor Corporation's shareholding ratio rose to approximately 73.52%, with an internal shareholding of approximately 69.56% and an H-share of approximately 3.96%. Dongfeng Motor Company said that the move is based on confidence in Dongfeng Group's prospects and recognition of its long-term investment value. In the future, it will increase H shares in due course depending on market conditions. Dongfeng Group will continue to monitor the growth of holdings and disclose relevant information in a timely manner. Investors should exercise caution when buying and selling shares.