China’s Dongfeng Motor puts 50% stake in Dongfeng Honda engine up for sale
Photo: Reuters
China’s Dongfeng Motor has listed its 50% stake in Dongfeng Honda Engine Company for sale, according to a filing on the Guangdong United Assets and Equity Exchange on Monday.
A reserve price has not yet been set, and the listing deadline is September 12, News.Az reports, citing Reuters.
The company’s assets were valued at 5.4 billion yuan ($752 million) last year, with debts totaling 3.3 billion yuan. Dongfeng Honda Engine reported a loss of 227.8 million yuan in 2024.
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