(March 19): Voyah Automobile Technology Co, the luxury electric vehicles (EV) arm of Dongfeng Motor Group, fell 13% in its trading debut in Hong Kong after a listing that didn’t involve selling new shares or raising funds. Dongfeng pulled its Hong Kong shares and spun off Voyah as a standalone unit to unlock value in its fastest growing EV segment. “This trade is in effectively buying Dongfeng to get exposure to a new EV IPO at a discount.”The listing made 885,381,529 shares available for trading. Under the deal, shareholders receive HK$6.68 in cash and 0.3552608 Voyah H shares for each of Dongfeng’s Hong Kong shares they own. Dongfeng shares last traded at HK$9.54 apiece in Hong Kong before their listing was withdrawn on Wednesday, a 60% increase since the restructuring announcement in August.

Source: The Edge Markets March 19, 2026 09:09 UTC