China's Dongfeng raises US$509 mln in IPO priced at mid-range


(To read a new, expanded Hong Kong IPO diary, click on ) HONG KONG, Nov 30 (Reuters) - China's number-three automaker, Dongfeng Motor Group Co. Ltd. raised HK$3.97 billion (US$508.9 million) after setting its IPO price at HK$1.60 each, the middle of a proposed range, a source said on Wednesday. The company, based in Hubei province, sold 2.48 billion shares which represents 30 percent of its enlarged share capital. (US$=HK$7.8)

Premium Content (PAID Subscription Required)

"China's Dongfeng raises US$509 mln in IPO priced at mid-range" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×