Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Ev Dynamics (Holdings) Limited ( (HK:0476) ) is now available.
Ev Dynamics (Holdings) Limited has disclosed that both the company and its wholly owned subsidiary, China Dynamics New Energy Technology Company Limited, have received statutory demands from a creditor seeking repayment of approximately RMB38.97 million linked to the disposal of the entire equity interest in Chongqing Sinocop New Energy Vehicle Technology Company Limited under a 2023 disposal agreement. The creditor has given three weeks from service of the demands to settle the alleged repayment, penalties and compensation, failing which it may file winding-up petitions against Ev Dynamics and China Dynamics, prompting the company to seek legal advice and cautioning shareholders and potential investors about heightened insolvency and litigation risks.
The most recent analyst rating on (HK:0476) stock is a Sell with a HK$0.79 price target. To see the full list of analyst forecasts on Ev Dynamics (Holdings) Limited stock, see the HK:0476 Stock Forecast page.
More about Ev Dynamics (Holdings) Limited
Ev Dynamics (Holdings) Limited, incorporated in Bermuda and listed in Hong Kong, operates in the new energy vehicle sector through subsidiaries such as China Dynamics New Energy Technology Company Limited and Chongqing Sinocop New Energy Vehicle Technology Company Limited, focusing on electric and new energy vehicle technologies and related assets in Mainland China.
Average Trading Volume: 496,379
Technical Sentiment Signal: Hold
Current Market Cap: HK$247.2M
See more insights into 0476 stock on TipRanks’ Stock Analysis page.