智通财经网·2025-08-22 15:22Core Viewpoint - The proposed transaction involves the distribution of Lantu shares to existing shareholders and a merger agreement between Dongfeng Group and the offeror, aiming to privatize the remaining business and enhance shareholder value through the listing of Lantu on the Hong Kong Stock Exchange [1][2][3]. Group 1: Proposed Transaction Details - The company has resolved to distribute its holdings in Lantu shares to existing shareholders, with Lantu applying for a listing on the Hong Kong Stock Exchange, subject to distribution conditions [1]. - H-share shareholders will receive 0.3552608 Lantu H-shares for each H-share held as of the record date, along with a cash cancellation price of HKD 6.68 per H-share [2]. - The theoretical total value of each H-share in the proposed transaction is approximately HKD 10.85, representing a premium of about 128.90% over the last unaffected trading price of HKD 4.74 [2]. Group 2: Strategic Objectives - The merger aims to further integrate quality resources towards emerging industries and achieve valuation reconstruction, focusing on the development of the new energy vehicle sector [3]. - The listing of Lantu is expected to broaden financing channels, enhance brand image, expand overseas operations, and improve corporate governance [3]. Group 3: Market Activity - The company has applied to the Stock Exchange for the resumption of trading of H-shares starting from August 25, 2025 [4]. - Dongfeng Company is primarily engaged in the manufacturing and supply of commercial vehicles, passenger cars, and electric vehicles, along with related services and products [4].