Dongfeng’s Strategic Move: LanTu Motors to IPO in Hong Kong Stock Exchange | Titanium Garage

On the evening of August 22nd, Dongfeng Motor Corporation announced that its subsidiary, LanTu Motors, will be listed on the Hong Kong Stock Exchange through an introduction, while Dongfeng Group will simultaneously go private. The transaction involves a combination of ‘equity distribution + merger by absorption,’ with a total acquisition price set at 10.85 Hong Kong dollars per share. This includes a cash consideration of 6.68 Hong Kong dollars per share and a LanTu equity consideration of 4.17 Hong Kong dollars per share. If LanTu Motors successfully goes public in Hong Kong, it will become another new energy vehicle company listed on the Hong Kong Stock Exchange following the footsteps of NIO, XPeng, Li Auto, Leapmotor, Xpeng, and Xiaomi.

What’s more crucial is that Dongfeng Group’s capital operation of ‘raising the bar to swap birds’ not only affects the transformation fate of a central state-owned enterprise but also sets a precedent for… [CONTINUED]