Dongfeng Group (00489) rose more than 3%, climbing 3.18% to HK$9.4 at the time of writing, with a turnover of HK$108 million. On the news front, on the morning of February 12, Dongfeng Motor Group and the offeror, Dongfeng Motor Group (Wuhan) Investment, jointly announced that all prerequisites for the privatization of Dongfeng Group through an absorption merger and the spin-off listing of Voyah have been fully met. The transaction is now entering its final execution phase. According to the merger agreement, the offeror has agreed to pay cash consideration to all H-share shareholders at a cancellation price of HK$6.68 per H-share. Upon fulfillment of the merger prerequisites and all effective conditions, Dongfeng Group will apply to the stock exchange for the voluntary withdrawal of its H-share listing status. Concurrently, Dongfeng Group will distribute its holdings in Voyah shares to existing shareholders and apply for the listing of Voyah H-shares by way of introduction on the Hong Kong Stock Exchange. This spin-off does not involve any fundraising activities.