Shares of Dongfeng Motor jump on possible change in controlling shareholder structure

Reuters
10 Feb
Shares of Dongfeng Motor jump on possible change in controlling shareholder structure

HONG KONG, Feb 10 (Reuters) - Shares of Dongfeng Motor 0489.HK soared as much as 85.8% after the Chinese automaker flagged a possible change in the company's controlling shareholder structure amid a restructuring.

The stock jumped to HK$6 shortly after the open.

Dongfeng Motor said on Sunday Dongfeng Motor Corporation is planning a restructuring with another central state-owned enterprise group which may lead to a change in the controlling shareholder structure but would "not result in a change to the actual controller".

(Reporting by Hong Kong newsroom; Editing by Kim Coghill)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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