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DONGFENG GROUP Privatization Achieves Key Progress; VOYAH's HK Listing Filed by CSRC
2026-01-23 14:21:43 DONGFENG GROUP (00489.HK) and its related parties have jointly announced that the privatization and the spin-off of its high-end new energy vehicle brand, VOYAH, for listing in Hong Kong have achieved key progress. According to the agreement, the merger must meet three major pre-conditions: (1) approvals from relevant government departments such as the National Development and Reform Commission, the Ministry of Commerce, and the State Administration of Foreign Exchange; (2) the necessary approvals from VOYAH's equity holders in respect of the distribution and the listing by introduction; and (3) the necessary regulatory approvals for the listing by introduction, including filing with the Department of International Cooperation of the China Securities Regulatory Commission (CSRC) and the principle approval from the Hong Kong Stock Exchange. Pre-Conditions (1) and (2) have already been fulfilled, and Pre-Condition (3) has been partially fulfilled with today's completion of the CSRC filing. At present, only the principle and formal approvals from the Hong Kong Stock Exchange remain outstanding for the transaction. ~ AAStocks Financial News Web Site: www.aastocks.com | |