智通财经网·2026-01-14 06:53Core Viewpoint - The stock price of Dongfeng Group (00489) surged due to the approval of its restructuring plan by the mainland government, marking a significant step in its privatization and business separation strategy [1] Group 1: Restructuring Plan - Dongfeng Group announced a privatization plan on August 22 last year, intending to delist from the Hong Kong Stock Exchange and spin off its electric vehicle business, "Lantu," for independent listing [1] - The approval from the mainland government is a crucial milestone in the restructuring process [1] Group 2: Investment Rating - Morgan Stanley upgraded Dongfeng's investment rating to "Overweight" last year, anticipating that the privatization will unlock the company's potential value [1] - The firm maintains an "Overweight" rating and a target price of HKD 11 for Dongfeng [1]