东风集团深夜重大公告！股价1小时暴涨超90%

Core Viewpoint - Dongfeng Group's subsidiary, Lantu Automotive, will go public in Hong Kong through an introduction listing, while Dongfeng Group will simultaneously complete its privatization and delisting [2][4]. Group 1: Transaction Details - The overall acquisition price for Lantu Automotive is set at HKD 10.85 per share, comprising a cash consideration of HKD 6.68 per share and an equity consideration of HKD 4.17 per share [2]. - Following the announcement, Dongfeng Group's ADR surged by 91.45%, reaching USD 62.22 [2][3]. Group 2: Reasons for Privatization - The reasons for Dongfeng Group's privatization include the low valuation of its stock, which has diminished its financing capabilities, and the need for internal restructuring to facilitate its transition towards new energy [3][4]. - The privatization aims to push Lantu into the capital market and enable further internal integration [3]. Group 3: Market Context - The transaction employs a "share distribution + absorption merger" model, differing from previous privatizations of state-owned enterprises in Hong Kong [4]. - Dongfeng Group's total market value as of July 31, 2025, is HKD 39.12 billion, with a price-to-book (PB) ratio of only 0.25, indicating a significant undervaluation [5]. Group 4: Financial Performance - In the first half of the year, Dongfeng Group sold approximately 824,000 vehicles, a year-on-year decrease of 14.7%, with a revenue of CNY 54.533 billion, up 6.6% [5]. - Lantu Automotive is projected to deliver over 80,000 vehicles in 2024, representing a year-on-year growth of about 70% [5].