Voyah’s State-Backed Parent Lifts Stake to Over 70% via H-Share Purchases
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Voyah Automotive Technology Co Ltd has announced that Dongfeng Motor (Hong Kong) International has increased its stake to approximately 70.02% by purchasing 20,192,000 H shares. This move consolidates control by the state-backed parent, enhancing Voyah's strategic position in the new energy vehicle market. However, the company warns that the shareholding increase plan may face uncertainties due to market conditions, affecting minority shareholders. The latest analyst rating for Voyah's stock is a Buy with a target price of HK$8.10.
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