Core Viewpoint - Dongfeng Group is privatizing and delisting its shares to focus on the development of its electric vehicle brand, Lantu, which is set to become the first publicly listed subsidiary of a central enterprise in the new energy vehicle sector [1][2]. Group 1: Privatization and Listing Strategy - Dongfeng Group announced its decision to privatize and delist from the Hong Kong Stock Exchange, citing underperformance and a long-term undervaluation of its H-shares as key reasons [1][3]. - The company plans to distribute 79.67% of its shares in Lantu to its shareholders before Lantu's introduction to the Hong Kong Stock Exchange, aiming to enhance its financing capabilities and brand image [3][4]. - The overall acquisition price for the transaction is set at HKD 10.85 per share, with cash compensation of HKD 6.68 per share and equity compensation of HKD 4.17 per share [3]. Group 2: Lantu's Market Position and Financial Performance - Lantu has shown significant growth, with sales reaching 66,680 units from January to July 2023, marking an 85.8% year-on-year increase [4][5]. - The company is nearing profitability, having achieved a single-quarter profit in Q4 2022, although it reported a net loss of CNY 1.472 billion for 2023, which is expected to narrow to CNY 18 million in 2024 [2][4]. - Lantu's management emphasizes that the decision to pursue an IPO will depend on the company's actual development and not merely for the sake of going public [4]. Group 3: Future Outlook and Goals - Lantu has set an ambitious sales target of 200,000 units for the year, with a current achievement rate of 33%, but remains optimistic about meeting this goal due to new product launches in the second half of the year [5].
靴子落地！知名央企宣布：退市！
Nan Fang Du Shi Bao·2025-08-25 06:54