Zhi Tong Cai Jing·2025-08-25 06:46Group 1 - Dongfeng Group's shares opened nearly 70% higher after the announcement of its subsidiary, Lantu Automotive, planning to go public in Hong Kong through an introduction listing, while Dongfeng Group will simultaneously complete its privatization and delisting [1] - The transaction involves a combination of "equity distribution + absorption merger," where Dongfeng Group will distribute 79.67% of its shares in Lantu Automotive to all shareholders before Lantu's listing [1] - The overall acquisition price 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 for Lantu shares [1] Group 2 - The rationale behind this capital operation is attributed to the underperformance of the company's overall results due to the transformation of the automotive industry and intensified market competition [2] - Dongfeng Group aims to restructure its valuation by integrating quality resources towards emerging industries, particularly focusing on the development of the new energy vehicle sector [2] - The company plans to promote the transition from fuel vehicles to new energy vehicles, capitalizing on the growth potential of China's new energy vehicle industry [2]