Dongfeng Motor Shares Surge on Privatization, Unit List Plan

Dongfeng Motor Group Co.’s Hong Kong-listed shares surged the most in six months after the Chinese automaker announced long-awaited restructuring plans that will see it refocus on the electric vehicle market.

The stock jumped as much as 69% on Monday, the most since February, to HK$10.10 as trading resumed following a two-week suspension.