Denway Motors Explained

Denway Motors Limited
駿威汽車有限公司
Type:Subsidiary
Traded As:SEHK

203

Location Country:Hong Kong
Key People:Chairman

Mr. Zhang Fangyou

Area Served:People's Republic of China
Industry:Automobile
Parent:Guangzhou Automobile Group
Homepage:Denway Motors Limited

Denway Motors Limited is an investment holding company listed in Hong Kong. It engages in the manufacturing, assembly and trading of motor vehicles and automotive equipment and parts in China and Hong Kong through its group companies. It owns 50% of Guangqi Honda, a joint venture with Honda in Guangzhou, China.

The company's shares were oversubscribed more than 600 times when it was first listed in Hong Kong.[1] In 2010, shareholders approved the privatization of Denway Motors by its parent company, Guangzhou Automobile Group. Denway Motors was delisted on 25 August 2010, replaced by the listing of Guangzhou Automobile Group on 30 August 2010 via stock swap.[2] [3]

External links

Notes and References

  1. News: Shale. Tony. H.K. Investors Await the China 9. 25 December 2016. The New York Times. 12 Feb 1993.
  2. Web site: Denway Motors gets nod for privatisation . . https://web.archive.org/web/20221109101624/https://www.reuters.com/article/idUSTOE66F07120100716 . 2022-11-09 . live .
  3. https://www.wsj.com/articles/SB10001424052748704913304575370352299056516 Denway Motors's Shareholders Approve Share Swap