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Dongfeng Motor Corporation
Founded Established 1969
Headquarters Wuhan, Hubei, China
Key people Xu Ping
Products Motor Vehicles
Employees 106,000 (approx.)
Dongfeng Motor Group Co (SEHK: 0489) (simplified Chinese: 东风集团股份; traditional Chinese: 東風集團股份; pinyin: Dōngfēng Jítuán Gǔfèn) and Dongfeng Automobile Co Ltd (SSE: 600006) (simplified Chinese: 东风汽车股份有限公司; traditional Chinese: 東風汽車股份有限公司; pinyin: Dōngfēng Qìchē Gǔfèn Yǒuxiàn Gōngsī) are publicly-listed, Chinese vehicle manufacturers that are part of a single entity, Dongfeng.
In 2010, the company sold 2.72 million units making it the second most-productive Chinese vehicle-maker. It reported 1.72 million sales of passenger vehicles that same year.
Dongfeng is the Chinese partner in joint ventures with companies including Nissan, Honda, Kia Motors and PSA Peugeot-Citroen.
Also manufacturing spare parts as well as buses, trucks and cars sold eponymously at home and abroad, Dongfeng is traditionally one of the "top 4" domestic automakers
Reason for the increase of the outstanding shares by 78,947,368
On 16 February 2011, Highline Technical Innovations issued 78,947,368 at .0019 to raise approximately $150,000. These funds are being wired to Dong Feng Motors to continue HTI’s obligation as required by the company’s joint venture. The company will be providing supplemental information to Pinksheets in the event of a share structure change. The intent of the company is to keep shareholders informed of what kind of transactions take place with the share structure and what the monies are used for when and if shares are issued.
All I see on this beoard is garbage about subjects like dong fong motors and dilution. Has anyone seen the stock price this week? It went down 20%, 30% and 15 %. Hello out there, anybody home, just address the stock price specifically ion your comments not about garbage that has no meaning to this board.
Whalehaven is dumping 100Mil shares, HTI is dumping 80Mil shares, peeps are feeling the effects of dilution and smart folks have been dumping too.
It's all about DILUTION, INCREASED DEBT, and REVS that aren't high enough to sustain a Viable business. Toppled with the risk of $6Mil in the NIR Settlement, which will most likely fire up the printing press again.
Shareholders are most likely screwed for 2-3 yrs, pps could be boxed in the Cellar soon and remain there for a while.
Does that answer your question?
Do you really think HLNT investors will realize any benefit/profit in less than 2-3, IF and BIG IF, this becomes successful. There's nothing logically implied that shareholders will benefit Short Term.
This stock is Cellar Bound real soon, Thank the Company and/or the Pumpers.