Denway Motors Limited (former stock code: ) was an

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

listed in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. It engages in the

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...

assembly Assembly may refer to: Organisations and meetings * Deliberative assembly, a gathering of members who use parliamentary procedure for making decisions * General assembly, an official meeting of the members of an organization or of their representa ...

and

trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchan ...

motor vehicles A motor vehicle, also known as motorized vehicle or automotive vehicle, is a self-propelled land vehicle, commonly wheeled, that does not operate on Track (rail transport), rails (such as trains or trams) and is used for the transportation of pe ...

and automotive equipment and parts in China and Hong Kong through its group companies. It owns 50% of

Guangqi Honda Guangqi Honda Automobile Co., Ltd., also called GAC-Honda, is a Chinese automobile manufacturing joint venture company based in Guangzhou, Guangdong province. Co-owned by Honda and GAC Group (''Guangqi''), Guangqi Honda operates two plants that, ...

, a joint venture with

Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a product ...

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

, China. The company's shares were oversubscribed more than 600 times when it was first listed in Hong Kong. In 2010, shareholders approved the

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of Denway Motors by its

parent company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

Guangzhou Automobile Group Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese State-owned enterprises of China, state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the Automotive industry in China#List of ...

. Denway Motors was

delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, sub ...

on 25 August 2010, replaced by the listing of Guangzhou Automobile Group on 30 August 2010 via

stock swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company e ...

.Denway Motors's Shareholders Approve Share Swap
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External links

Denway Motors Limited

References

{{authority control Auto parts suppliers of China GAC Group divisions and subsidiaries Government-owned companies of China Motor vehicle manufacturers of Hong Kong Vehicle manufacturing companies established in 1992 Companies formerly listed on the Hong Kong Stock Exchange Former companies in the Hang Seng Index