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On August 22, Dongfeng Motor Group Co., Ltd. (00489.HK) announced its intention to distribute shares in Voyah Automobile Co., Ltd. among existing shareholders and outlined plans to seek listing approval for Voyah's H-shares when suitable conditions are met. Additionally, the offeror has entered into a merger agreement with Dongfeng Motor Group, stipulating that, upon fulfillment of prerequisites and other specified terms, all H-shareholders (excluding those directly held by Dongfeng Motor Corporation) will receive a cash consideration for the merger. Upon satisfaction of all prerequisites and effective conditions, Dongfeng Motor Group will initiate the process to voluntarily withdraw its H-shares from listing on the Stock Exchange of Hong Kong.
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