China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday.
A reserve price has yet to be set.
The company’s assets were valued at 5.4 billion yuan ($752.15 million) last year, while its debts totaled 3.3 billion yuan, according to audited results included in the filing. It reported a loss of 227.8 million yuan in 2024. The listing deadline is Sept. 12
($1 = 7.1794 Chinese yuan renminbi)
Reuters
