DONGFENG GROUP (00489) announced on October 30, 2025, that it intends to sell its 50% stake in Dongben Engine to GAC Honda for approximately RMB1.172 billion (equivalent to around HKD1.29 billion). Given the intensifying competition in China's automotive industry and in line with the group's strategic planning, the company has decided to optimize its fuel vehicle asset structure. The transaction will also accelerate DONGFENG GROUP's transition towards new energy vehicles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.