Dongfeng Auto (600006 CH): Dongfeng Motors' Partial Offer

Smartkarma
2022-06-01

Shares may continue to get a short-lived sentiment boost as DFMG asserts control. But pricing, relative to peers appears full. I wouldn't be chasing DFAC here.

  • Dongfeng Motor (489 HK) (DFMG) has entered into an agreement to buy back the controlling stake in Dongfeng Automobile (600006 CH) (DFAC) from Nissan Motor (7201 JP).
  • DFMG and Nissan's JV (split 50:50) holds a 60.1% stake in DFAC. Under the agreement, 29.9% of the JV's stake in DFAC will be transferred to DFMG.
  • Subsequent to the completion of the transfer, DFMG will launch a partial offer for 25.1% of DFAC, with a view to holding 55% of shares out in DFAC. 

Full analysis here:- https://www.smartkarma.com/insights/dongfeng-auto-600006-ch-dongfeng-motors-partial-offer?utm_source=tiger_community

By David Blennerhassett, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/david-blennerhassett?utm_source=tiger_community

On Dongfeng Automobile (600006 CH):- https://www.smartkarma.com/entities/dongfeng-automobile-co-ltd?utm_source=tiger_community

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Jo_Tan
    ·2022-06-01
    thanks for sharing
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  • Shiiiniiiing
    ·2022-06-01
    Thanks for the info
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  • EHG
    ·2022-06-01
    Ok
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  • kimkim51
    ·2022-06-01
    OK...
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  • SeanSEAH
    ·2022-06-01
    [Like]
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  • J90
    ·2022-06-01
    Bcnxmmxx
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  • peirong37
    ·2022-06-01
    [smile]
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  • LionKingAir
    ·2022-06-01
    Ok
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  • Daveforceone
    ·2022-06-01
    thanks
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  • St1143
    ·2022-06-01
    ok
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  • eldert
    ·2022-06-01
    ok
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  • WL_Infinity
    ·2022-06-01
    [Like]
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  • pipiso
    ·2022-06-01
    nice
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  • David324
    ·2022-06-01
    ok
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