Dongfeng priced at 1.17 billion RMB to sell 50% of the joint venture Dongben Engine
DONGFENG GROUP (00489.HK) announced a related transaction, selling a 50% stake in the joint venture Dongben Engine to GAC Honda to accelerate its transformation into the new energy sector, with a cash consideration of RMB 1.172 billion. The estimated after-tax profit from the sale is approximately RMB 104 million
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