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. The overall acquisition price is set at HKD 10.85 per share, comprising HKD 6.68 in cash and HKD 4.17 in equity for Lantu shares [3][6]. Group 1 - The stock price of Dongfeng Group's ADR surged by 91.45% to USD 62.22 following the announcement [4]. - Dongfeng Group's decision to privatize is driven by two main reasons: the low valuation of its stock, which has hindered its financing capabilities, and the need to facilitate internal restructuring and integration as it transitions towards new energy [6][7]. - The privatization process involves a two-step approach: first, distributing 79.67% of Lantu's shares to all shareholders, followed by Lantu's introduction listing on the Hong Kong Stock Exchange [6]. Group 2 - Dongfeng Group's valuation has been under pressure, with a market capitalization of HKD 39.12 billion and a price-to-book (PB) ratio of only 0.25, indicating a significant undervaluation [7]. - In the first half of 2025, Dongfeng Group sold approximately 824,000 vehicles, a year-on-year decrease of 14.7%, while achieving a revenue of HKD 54.53 billion, a 6.6% increase from the previous year [7]. - Lantu Automotive is expected to deliver over 80,000 vehicles in 2024, marking a year-on-year growth of about 70%, with consistent monthly sales exceeding 10,000 units since the beginning of 2025 [7].