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China Evergrande NEV Group Announces Further Delay in Transaction Circular Dispatch

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China Evergrande NEV Group Announces Further Delay in Transaction Circular Dispatch

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China Evergrande New Energy Vehicle Group ( (HK:0708) ) has issued an update.

China Evergrande New Energy Vehicle Group Limited announced a further delay in the dispatch of a circular related to major and continuing connected transactions, including loans and services. The delay, now extended to May 23, 2025, affects the expected timetable for these transactions, which the company plans to revise and announce soon, potentially impacting its operational timelines and stakeholder communications.

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 part of the larger China Evergrande Group and is involved in the production and sales of new energy vehicles, as well as related services such as green landscaping and material procurement.

YTD Price Performance: -25.00%

Average Trading Volume: 4,275

Technical Sentiment Signal: Buy

Current Market Cap: $237.6M

For detailed information about 0708 stock, go to TipRanks’ Stock Analysis page.

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