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00489 DONGFENG GROUP
RTNominal down7.420 -0.010 (-0.135%)
Others

16/09/2021 10:16

Dongfeng Group (00489) signs equity transfer agreements

[ET Net News Agency, 16 September 2021] Dongfeng Motor Group Company Limited (00489)
said it has entered into equity transfer agreements.
They are (1) the company agreed to transfer its 49.5% equity interests in Dongfeng
Nissan Financial Leasing to DFM at a consideration of RMB722.205 million; (2) the company
agreed to transfer its 25% equity interests in Dongfeng Peugeot Citroen Group Financial
Leasing to DFM at a consideration of RMB77.5 million; (3) its subsidiary Dongfeng Peugeot
Citroen Automobile agreed to transfer a total of 50% equity interests in Dongfeng Peugeot
Citroen Group Financial Leasing to both DFM and Peugeot Citroen Netherlands Finance Co.,
Ltd. at a rate of 25% for each of them, respectively, at a total consideration of RMB155
million; and (4) the company agreed to transfer its 70% equity interests in Chuang'ge
Financial Leasing to DFM, and its subsidiary DMHK agreed to transfer its 30% equity
interests in Chuang'ge Financial Leasing to DFM at the same time, at a total consideration
of RMB907 million. (RC)

Remark: Real time quote last updated: 22/10/2021 11:04
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