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Dongfeng Motor's stock surges 20% after announcing restructuring plans, sparking merger speculation.
Shares of Dongfeng Motor surged up to 86% in Hong Kong trading after the company announced plans for restructuring, which sparked speculation about potential mergers among state-owned automotive companies.
Despite selling 1.54 million passenger vehicles in 2024, down 11.5% from the previous year, the stock reached its highest point since July 2022 before settling with a 20% increase.
The restructuring might lead to changes in the controlling shareholder structure, though details are unclear.
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Las acciones de Dongfeng Motor aumentan un 20% después de anunciar planes de reestructuración, provocando la especulación de fusiones.