DONGFENG GROUP(00489.HK): Privatization Merger Makes Further Progress with CSRC Filing Completed

NewTimeSpace · 2026/01/23 13:10 · By Boyuan Chen

DONGFENG GROUP disclosed on January 23 that the prerequisite conditions for the company's privatization merger have achieved another breakthrough. The company has completed the filing procedure for the introduction of listing with the Department of International Cooperation of the China Securities Regulatory Commission (CSRC). Prior to this, prerequisite conditions such as approvals from the National Development and Reform Commission (NDRC), the Ministry of Commerce, and the approval of Lantu's shareholders have all been fulfilled. Currently, only the in-principle approval from the Hong Kong Stock Exchange (HKEX) remains pending, and the state-owned shareholder identification has been successfully obtained.

NewTimeSpace News: DONGFENG GROUP (00489.HK), together with its controlling shareholder Dongfeng Motor Corporation and the offeror Dongfeng Motor Group (Wuhan) Investment Co., Ltd., jointly issued an announcement on January 23, 2026, disclosing the latest progress of the company's privatization merger and the distribution of Lantu shares, with some core prerequisite conditions partially fulfilled.

The announcement shows that the privatization merger is being advanced through a absorption merger, with three core prerequisite conditions originally set. As of the announcement date, the offeror and DONGFENG GROUP have completed the filing for the introduction of listing with the Department of International Cooperation of the CSRC, marking the partial fulfillment of the third prerequisite condition.

According to the announcement, only the in-principle approval from the HKEX for the introduction of listing remains unfulfilled under the third prerequisite condition for the merger. DONGFENG GROUP, the offeror, and Lantu are actively promoting the relevant work.

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