BRIEF: Voyah to list as Dongfeng Motor restructuring nears completion
Voyah Automotive Technology Co.Ltd. (7489.HK), the electric-vehicle (EV) unit of Dongfeng Motor Group (0498.HK), said on Thursday it will list using a share distribution, called a “listing by introduction,” through the issue of 885 million of its H-shares. Trading is expected to commence on the Hong Kong Stock Exchange on March 19.
The distribution ratio is calculated based on Dongfeng Motor’s shareholding in Voyah. For every Dongfeng Motor domestic share or H-share held, shareholders will receive 0.3552608 Voyah H-shares.
The company said the listing is part of state-owned Dongfeng Motor Corp.’s privatization plan for its Hong Kong-listed Dongfeng Motor Group.
Voyah’s revenue rose from 6.05 billion yuan ($877 million) in 2022 to 19.36 billion yuan in 2024. Its revenue in the first seven months of 2025 rose 90% year-on-year to 15.78 billion yuan. The company’s gross margin has also improved significantly over the last three years, rising from 8.3% in 2022 to 21.3% in the first seven months of last year.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
