China Evergrande New Energy Vehicle Group ( (HK:0708) ) has issued an announcement.
China Evergrande New Energy Vehicle Group Limited announced that its subsidiary, Evergrande New Energy Vehicle (Shanghai) Co., Ltd., is undergoing bankruptcy and liquidation proceedings as per a ruling by the Third Intermediate People’s Court of Shanghai. Additionally, the company has delayed the publication of its 2024 annual results due to difficulties in securing strategic investors, impacting the commencement of necessary audit work. Consequently, trading of the company’s shares on the Hong Kong Stock Exchange has been suspended until further notice.
More about China Evergrande New Energy Vehicle Group
China Evergrande New Energy Vehicle Group Limited is a company incorporated in Hong Kong, focusing on the new energy vehicle industry. It is involved in the development and manufacturing of electric vehicles, aiming to capture a significant market share in the rapidly growing new energy vehicle sector.
YTD Price Performance: -35.00%
Average Trading Volume: 4,675
Technical Sentiment Signal: Buy
Current Market Cap: $234.2M
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