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Dongfeng Motor shares zoom as restructuring plans stoke merger rumours

Dongfeng Motor shares zoom as restructuring plans stoke merger rumours

FILE PHOTO: A Voyah Free electric vehicle (EV) by Dongfeng Motor is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo

Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows.

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