China Evergrande New Energy Vehicle Group ( (HK:0708) ) has provided an update.
China Evergrande New Energy Vehicle Group Limited has observed an unusual increase in the price and trading volume of its shares on the Hong Kong Stock Exchange. This follows a recent court ruling accepting the bankruptcy and liquidation application for its subsidiary, Evergrande New Energy Vehicle (Shanghai) Co., Ltd. The board has stated there is no additional information that needs to be disclosed, advising shareholders and investors to exercise caution.
More about China Evergrande New Energy Vehicle Group
China Evergrande New Energy Vehicle Group Limited operates in the automotive industry, focusing on the development and production of new energy vehicles. The company is a subsidiary of the larger Evergrande Group, with a market focus on innovative and sustainable automotive solutions.
YTD Price Performance: -35.00%
Average Trading Volume: 4,675
Technical Sentiment Signal: Buy
Current Market Cap: $166M
See more data about 0708 stock on TipRanks’ Stock Analysis page.