China Evergrande New Energy Vehicle Group Limited (EVGRF)
| Previous close | 0.0270 |
| Open | 0.0270 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 0.0270 - 0.0270 |
| 52-week range | 0.0002 - 0.2200 |
| Volume | |
| Avg. volume | 594 |
| Market cap | 303.28M |
| Beta (5Y monthly) | 1.16 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.1400 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersEvergrande EV unit suspends talks with Dubai's NWTN on redrafting deal
In August, the electric vehicle unit of China Evergrande had agreed to issue 6.18 billion new shares to NWTN to support its parent's restructuring plan. If the transaction had been completed, NWTN would have held a 27.50% stake in NEV, while China Evergrande's interest would have been diluted to 46.86%. NEV said if it decides to proceed with the subscription deal with NWTN, the parties will renegotiate the amendments to certain key terms.
- Reuters
UPDATE 1-Evergrande EV unit suspends talks with Dubai's NWTN on redrafting deal
China Evergrande New Energy Vehicle (NEV) said on Friday it has suspended negotiations on amendments to the terms of a HK$3.89-billion ($497.42 million) share subscription agreement with Dubai-based mobility firm NWTN . In August, the electric vehicle unit of China Evergrande had agreed to issue 6.18 billion new shares to NWTN to support its parent's restructuring plan. If the transaction had been completed, NWTN would have held a 27.50% stake in NEV, while China Evergrande's interest would have been diluted to 46.86%.
Associated Press FinancePolice detain executive at China Evergrande's EV unit. Property sector shows fresh signs of distress
A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer. China Evergrande New Energy Vehicle announced the detention of Liu Yongzhuo, its vice chairman and an executive director, in a notice Monday to the Hong Kong Stock Exchange.
