Dongfeng Group may break up with Kia and transfer all the shares of Dongfeng Da Yue Kia.

Car change news? Recently, we learned from relevant channels that Dongfeng Group may break up with Kia and may transfer all the shares of Dongfeng Da Yue Kia. According to the information currently available, the project of Dongfeng Motor Group Co., Ltd. to transfer 25% equity of Dongfeng Da Yue Kia has been officially listed.

In the ownership structure of Dongfeng Da Yue Kia Motors Co., Ltd., Korean Kia Motors Co., Ltd. holds 50%, Jiangsu Da Yue Investment Co., Ltd. holds 25% and Dongfeng Motor Group Co., Ltd. holds 25%. The term of the tripartite joint venture will end in September 2022.

This time, all 25% of the shares of Dongfeng Motor Group Co., Ltd. were listed for transfer at a transfer price of 297 million yuan. If the transaction is successful, it will completely withdraw from Dongfeng Da Yue Kia Motors Co., Ltd. in the future.

Not surprisingly, South Korea's Kia Corporation may acquire all the shares of Dongfeng Motor Group Co., Ltd., with a shareholding ratio of 75%, occupying the absolute dominance of Dongfeng Da Yue Kia Motors Co., Ltd. ..