China Evergrande New Energy Vehicle Group (HK:0708) has released an update.
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China Evergrande New Energy Vehicle Group Limited has announced that one of its subsidiaries is facing a bankruptcy and liquidation application from a creditor, which is currently not significantly impacting the Group’s operations. The company’s shares were suspended on the Hong Kong Stock Exchange but are set to resume trading, and shareholders are cautioned to trade carefully. The Group is considering a defense against the creditor’s application and will keep stakeholders updated on significant developments.
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