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Sales of 50% stake in Dongfeng Honda Engine Co. to exceed CNY2.27 billion, Dongfeng Group plans to sell

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China Economic Net Tech News Aug. 18, Guangdong United Property Exchange Center officially announced that Dongfang Automobile Group will sell a 50% stake in Dongfang Honda Engine Co., currently at the

China Economic Net Tech News Aug. 18, Guangdong United Property Exchange Center officially announced that Dongfang Automobile Group will sell a 50% stake in Dongfang Honda Engine Co., currently at the pre-listing stage, with the reserve price to be determined, and the deadline for listing is Sept. 12.

Sales of 50% stake in Dongfeng Honda Engine Co. to exceed CNY2.27 billion, Dongfeng Group plans to sell

The announcement shows that this project is located at No. 111, Hongsasha Avenue, Huangpu District, Guangzhou, shareholders include Dongfang Automobile Group Co., Ltd., Honda Research and Development Industrial Co., Ltd., and Honda Research and Development (China) Investment Co., Ltd., with respective ownership ratios of 50%, 40%, and 10%.

The company's 2024 audited report shows that the net profit for that year was minus CNY2.27 billion, with liabilities exceeding CNY32 billion.

Sales of 50% stake in Dongfeng Honda Engine Co. to exceed CNY2.27 billion, Dongfeng Group plans to sell

deadlineforlisting(1)DongfengHonda(1)EngineCo(1)GuangdongUnitedPropertyExchangeCenter(1)pre-listingstage(1)reserveprice(1)stakesale(1)

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