Dongfeng Motor Group Co (HK:0489) has released an update.
Dongfeng Motor Group Co has announced a Domestic Share Class Meeting to be held in Wuhan on June 21, 2024, where shareholders will vote on a special resolution empowering the Board to repurchase up to 5.1% of the company’s H shares. The buyback plan includes determining the repurchase specifics, such as timing and price, and the subsequent cancellation of the repurchased shares, which will affect the company’s capital structure.
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