China Evergrande Group (HK:3333) has released an update.
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China Evergrande Group, currently in liquidation, has entered into a non-binding term sheet for the potential sale of shares in its indirect subsidiary, China Evergrande New Energy Vehicle Group Limited. The proposed transaction involves selling a majority stake, which is subject to further due diligence, negotiations, and may not necessarily proceed. Concurrently, trading of China Evergrande Group’s shares remains suspended, with further updates to follow.
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